Estimating the chance of success of information acquisition for the Norne benchmark case
Bibliographic record
Abstract
A key decision in field management is whether or not to acquire information to either improve project economics or reduce uncertainties. A widely spread technique to quantify the gain of information acquisition is Value of Information (VoI). However, estimating the possible outcomes of future information without the data is a complex task. While traditional VoI estimates are based on a single average value, the Chance of Success (CoS) methodology works as a diagnostic tool, estimating a range of possible outcomes that vary because of reservoir uncertainties. The objective of this work is to estimate the CoS of a 4D seismic before having the data, applied to a complex real case (Norne field). The objective is to assist the decision of whether, or not, to acquire further data. The methodology comprises the following steps: uncertainty quantification, selection of Representative Models (RMs), estimation of the acquisition period, production strategy optimization and, finally, quantification of the CoS. The estimates use numerical reservoir simulation, economic analysis, and uncertainty evaluation. We performed analyses considering perfect and imperfect information. We aim to verify the increment in economic return when the 4D data identifies the closest-to-reality reservoir model. While the traditional expected VoI calculation provides only an average value, this methodology has the advantage of considering the increase in the economic return due to reservoir uncertainties, characterized by different RMs. Our results showed that decreased reliability of information affected the decision of which production strategy to select. In our case, information reliability less than 70% is insufficient to change the perception of the uncertain reservoir and consequently decisions. Furthermore, when the reliability reached around 50%, the information lost value, as the economic return became similar to that of the case without information acquisition.
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How this classification was reachedexpand
Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.000 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.000 | 0.001 |
| Science and technology studies | 0.000 | 0.001 |
| Scholarly communication | 0.000 | 0.000 |
| Open science | 0.000 | 0.000 |
| Research integrity | 0.000 | 0.000 |
| Insufficient payload (model declined to judge) | 0.000 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one teacher head, not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".