Forecasting Drilling Times with Monte Carlo Simulation

Presented by

Rafael Hartke, CEO of Imagine Risks and Analytics

About this talk

This is the third webinar of the Oil & Gas series and will present how to model the uncertainty around drilling times, including a risk matrix and risk drivers such as NPT (non-productive time) and WOW (wait on water). We will also see an example of how to measure the impact of these risks based on historical data.

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