Pillars of the Industry - Consultant Jim Murtha discusses how Monte Carlo simulation is used to evaluate oil and gas projects.

Keywords:
production control, Artificial Intelligence, project management, production forecasting, Engineering, best option, Upstream Oil & Gas, reservoir simulator, cost estimate, production monitoring
Subjects:
Decision-making processes, Formation Evaluation & Management, Production forecasting, Project management, Reservoir Simulation, Risk Management and Decision-Making, Strategic Planning and Management, Well & Reservoir Surveillance and Monitoring
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