• Real options approach for a staged field development with optional wells 

      Fedorov, Semen; Hagspiel, Verena; Lerdahl, Thomas (Peer reviewed; Journal article, 2021)
      With the decreasing average size of new discoveries in mature production areas, the uncertainties in the base of oil field investment decisions are continually increasing. Fewer appraisal wells, which allow to decrease the ...
    • Sequential production of two oil fields with an option to switch 

      Hagspiel, Verena; Fedorov, Semen; Lerdahl, Thomas; Amar, Menad Nait (Peer reviewed; Journal article, 2022)
      Re-using existing infrastructure has become a standard approach for the development of marginal offshore oil fields. Many small discoveries are, however, located in remote areas or require unreasonably high costs to be ...