Main | Indeva delivers Nova Scotia Model »
Thursday
Apr182013

New Techniques for Optimal Learning in Discovery Processes

Indeva today announced the development of new methodologies for optimal learning in discovery processes and in particular in their application to oil and gas decision-making and valuation.  The methodology combines the latest research in adaptive dynamic programming with Indeva's full cycle modelling capability to simulate the technical and knowledge processes.  The methodology simulates literally mllions of scenarios of an integrated exploration through to development and production, in order to determine the optimal policy that maximises expected value of a single of group of prospects and discoveries.