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  • Writer's pictureTariq Siddiqui,

How Multiple Scenario Modeling Helps in Development Decisions Under Uncertainty

Updated: Dec 6, 2020

Multiple scenario modeling help make decisions under uncertainty in capital projects .

A scenario is defined as a unique combination of one subsurface geologic realization and one development concept.

  • Geologic realization cover a wide range of subsurface uncertainties

  • Development options cover wide range of development decisons

  • Wide range of scenarios are evaluated in the Assess phase of stage-gated process

  • Commercially viable scenarios (NPV>0) are evaluated in detail in Select Phase


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