Evolution of the Event Solution Process: A Fully Integrated Approach to Reservoir Studies Delivering Solutions with Clarity on Uncertainty, Risk and Mitigation

Abstract

In this paper, we present an update of the highly successful Event Solution process (SPE 105276, The Event Solution; a New Approach for Fully Integrated Studies Covering Uncertainty Analysis and Risk Assessment).The Event Solution is a short, intensively collaborative, multi-disciplinary field development optimization study approach that compresses complex, multi-year, study decision cycle times into weeks / months with increased clarity and detail on a wider range of development options, under uncertainty. The Event Solution is a highly successful study approach that creates significant value added synergy (understanding, decisions, technical and business) among all stakeholders (technical professionals, managers, executives and partners). Project results are faster with more qualified decisions (operational, tactical, strategy and portfolio) that encompass the complexity and diversity of multiple project realizations under uncertainty.