Abstract
Data acquisition projects that cost significant sums of money should always be justified based on derived benefits. Time-lapse seismic data requirements need to be driven by the impact of the new data upon the field devel-opment plan (FDP) and integrated reservoir management. This article discusses the business impact of time-lapse seismic data using both a lookahead and a lookback value of information (VOI) analysis in an offshore oil field in Nigeria.
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