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dc.contributor.advisorBickel, J. Eric
dc.creatorLy, Jonathan
dc.date.accessioned2018-03-13T19:54:01Z
dc.date.available2018-03-13T19:54:01Z
dc.date.created2017-08
dc.date.issued2017-08-01
dc.date.submittedAugust 2017
dc.identifierdoi:10.15781/T2C53FJ0W
dc.identifier.urihttp://hdl.handle.net/2152/63839
dc.description.abstractExploration geology is built upon the use of seismic data to image strata of sedimentary rocks to search for hidden wealths of petroleum resources deep under the Earth’s surface. Although this method is ubiquitous, it is imperfect and inherent uncertainties arise from various sources including the acquisition, processing, and interpretation of such data. Making absolute assessments of such reserves is often difficult, and decisions to effectively manage these uncertainties are further complicated as a result. It is important to understand how uncertainties affect the exploration process, and how they can be evaluated, mitigated, or accommodated in order to optimize economic decision making to maximize value in these scenarios. An area in need of development in this optimization process is to quantify the reliability of seismic interpretations to measure how dependable this imperfect information can be. This study will include a review of work that has previously been done on the uncertainty and value of seismic information for exploratory purposes and a proposal of a framework by which these concepts can be used to guide decision making. Ultimately, this work will enable project managers and decision makers to make more informed choices in the face of uncertainty to optimize the success of future exploration projects.
dc.format.mimetypeapplication/pdf
dc.language.isoen
dc.subjectEnergy exploration
dc.subjectDecision analysis
dc.subjectUncertainty
dc.subjectReflection seismology
dc.subjectGeology
dc.subjectPetroleum geology
dc.subjectInterpretation
dc.subjectGeological interpretation
dc.subjectValue of information
dc.subjectDecision making
dc.titleConstructing a framework for analyzing the reliability and value of uncertain seismic interpretations
dc.typeThesis
dc.date.updated2018-03-13T19:54:01Z
dc.description.departmentEnergy and Earth Resources
thesis.degree.departmentEnergy and Earth Resources
thesis.degree.disciplineEnergy and Earth Resources
thesis.degree.grantorThe University of Texas at Austin
thesis.degree.levelMasters
thesis.degree.nameMaster of Science in Energy and Earth Resources
dc.type.materialtext


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