Journal of Canadian Petroleum Technology, Vol.41, No.11, 13-15, 2002
Integrating resource surveys and portfolio management
Implementing a merged, corporate-wide portfolio management and resource survey system requires a rigorous approach to integrating volume and value assessments. In the proposed system design, a single database thoroughly documents a company's current hydrocarbon assets with associated risks and uncertainties, stochastic applications are then used to project future year changes to this asset portfolio, and compute economic performance under alternative capital investment scenarios.