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.
Summary
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.
Focus
Decision analysis
Project valuation
Portfolio analysis
Real-option valuation
Behavioural challenges in decision-making
Experience
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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Education
INSEAD, Paris, France
1998
Business and management science education.
Stanford University
1985 - 1989
PhD in petroleum engineering and and MSc in mathematics.