Russia and Caspian

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Decision-Making Under Uncertainty

10 – 11 February 2014

Moscow, Russia | Aerostar Hotel

An important part of the field exploration, appraisal, and development decision process is characterization and quantification of subsurface uncertainties, particularly when in the initial phases when information is limited and investment maximal. For marginal and challenging fields, accurate appraisal and assessment of project downside and upside becomes even more crucial as development options carry a substantial probability of negative net-present-value.

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