Data Acquisition

"Thorough data acquisition is expensive (very expensive) and it is the duty of practising reservoir engineers to convince those who hold the purse strings of the necessity of the exercise. To do this, it is important that the engineer knows exactly to what use the data will be put…."

Practice - p 1

"It is pointed out that the material balance equation can easily contain eight ‘unknowns’ and failure to collect essential rate, pressure and pressure-volume-temperature (PVT) data to give oneself a “sporting chance” of attaining a meaningful solution of the equation can make the application of quantitative engineering impossible"

Practice  p 1

Dake does not appear to advise on how to quantify the value of data, a question that an Asset manager will rightly ask and a reservoir engineer will rightly find difficult to answer...For more on 'The Value of Information' go to 'My Chosen Topic'.