Society of Petroleum Engineers (SPE) Trondheim Section’s Post

Do you have a ticket for our upcoming Summer Party at Kvilhaugen Gård on Wednesday, August 21st? If not, you can secure your tickets by visiting this link: https://lnkd.in/dWmcVsTA The first speaker of the evening will be Bjarne Rosvoll Bøklepp from Equinor, who will be giving a talk titled "Data driven decision making - are we there yet?". Summary of the presentation: "How do we know if the decisions we make are good if we are not able to analyze them?" The first part of this presentation establishes the structural or functional relation between data and decision making and covers the main definitions and assumptions used. The second part is about some work and studies carried out in Equinor related to a proposed framework for quantifying the utility and hence the value of subsurface information. The third part introduces the business decision schema and framework based on the "6 elements of decision quality" principles, currently being implemented in the OSDU data platform enabling project linage and decision tracking and analysis. Lastly, a simplified well planning/construction use case is shown as an example of how the decision framework can be utilized for the realtime decision process in well placement optimization.

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