• Switching from Oil to Gas Production in a Depleting Field 

      Støre, Kristian; Fleten, Stein-Erik; Hagspiel, Verena; Nunes, Cláudia (Journal article; Peer reviewed, 2018)
      We derive an optimal decision rule with regards to making an irreversible switch from oil to gas production. The approach can be used by petroleum field operators to maximize the value creation from a petroleum field with ...