Fuzzy logic applied to value of information assessment in oil and gas projects

作     者：Martin Vilela Gbenga Oluyemi Andrei Petrovski 

作者机构：School of EngineeringRobert Gordon UniversityGarthdee RoadAberdeen AB107QBScotlandUK School of ComputingRobert Gordon UniversityGarthdee RoadAberdeen AB107QBScotlandUK 

出 版 物：《Petroleum Science》 (石油科学（英文版）)

年 卷 期：2019年第16卷第5期

页      面：1208-1220页

核心收录：

学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学] 

主　　题：Value of information Fuzzy logic Uncertainty and risk management Oil and gas industry 

摘      要：The concept of value of information(VOI)has been widely used in the oil industry when making decisions on the acquisition of new data sets for the development and operation of oil *** classical approach to VOI assumes that the outcome of the data acquisition process produces crisp values,which are uniquely mapped onto one of the deterministic reservoir models representing the subsurface ***,subsurface reservoir data are not always crisp;it can also be fuzzy and may correspond to various reservoir models to different *** classical approach to VOI may not,therefore,lead to the best decision with regard to the need to acquire new *** logic,introduced in the 1960 s as an alternative to the classical logic,is able to manage the uncertainty associated with the fuzziness of the *** this paper,both classical and fuzzy theoretical formulations for VOI are developed and contrasted using inherently vague data.A case study,which is consistent with the future development of an oil reservoir,is used to compare the application of both approaches to the estimation of *** results of the VOI process show that when the fuzzy nature of the data is included in the assessment,the value of the data *** this case study,the results of the assessment using crisp data and fuzzy data change the decision fromacquirethe additional data(in the former)todo not acquirethe additional data(in the latter).In general,different decisions are reached,depending on whether the fuzzy nature of the data is considered during the *** implications of these results are significant in a domain such as the oil and gas industry(where investments are huge).This work strongly suggests the need to define the data as crisp or fuzzy for use in VOI,prior to implementing the assessment to select and define the right approach.