The cases demonstrate how the IP Suite of software tools uses efficient and consistent work processes to analyse all relevant sensitivities on any upstream investment project. This makes communication easy and strengthens the team approach between all disciplines: subsurface, drilling, facilities, production, operation, commercial and fiscal.

The case examples demonstrate the integrated decision support capabilities of the IP Suite tools on several projects along the upstream value chain from exploration, field developments through production, and also projects involving aggregation of key asset parameters on a corporate level for portfolio and annual reserves management.

Integrated Decision Support - General cases

Discussion: Why use risking software?

The 8-step decision-making process

Why use "mean" for decision-making

Stochastic vs deterministic approach

Statistical measures explained

Comparing well design options

Well campaigns and ranking of wells

Field Development Planning - IPRISKfield

Asset bid opportunity

Production forecasting - IPRISKforecast

Production forecasting

From spreadsheets to database system, Lessons learned