Reidar B. Bratvold is Professor of Investment and Decision Analysis

He works at the University of Stavanger and at the Norwegian Institute of Technology where he is teaching and supervising graduate students doing research in decision analysis, project valuation, portfolio analysis, real-option valuation and behavioural challenges in decision-making.


Prior to academia, he spent 15 years in the industry in various technical and management roles including as Vice President in Landmark Graphics Corporation in Houston, Managing Director of Smedvig Technology Software Solutions (now Roxar), Senior Scientist with IBM, and Reservoir Engineer with Statoil. He spent his early working years as a roughneck and roustabout in the North Sea.

Reidar has published numerous papers on topics such as investment modelling, decision-making, stochastic reservoir modelling, fuzzy logic and reservoir management. He is a co-author of the SPE book Making Good Decisions.

He has three times served as an SPE Distinguished Lecturer. He is the 2017 recipient of the SPE Management & Information Award and the 2015 recipient of the North Sea Region SPE Management & Information award and has been both executive and associate editor for the SPE Economics & Management journal. He is a Fellow in the Society of Decision Professionals and the Norwegian Academy of Technological Sciences.

Reidar holds a PhD in petroleum engineering and and MSc in mathematics, both from Stanford University and has business and management science education from INSEAD and Stanford University.


Decision analysis
Project valuation
Portfolio analysis
Real-option valuation
Behavioural challenges in decision-making


University of Stavanger

2005 - Current

Professor of Petroleum Investment & Decision Analysis,
Department of Petroleum Engineering

Norwegian Institute of Technology

2009 - Current

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INSEAD, Paris, France


Business and management science education.

Stanford University

1985 - 1989

PhD in petroleum engineering and and MSc in mathematics.