Refereed Journal Papers

Explore a selection of published, peer-reviewed journal papers by Reidar B. Bratvold. Each represents a significant contribution to the field and reflects the rigorous research and academic dedication that define his work.

2025

A Machine Learning-Assisted Decision-Making Methodology Based on Simplex Weight Generation for Non-Dominated Alternative Selection

Bratvold. R.B.

Decision Analysis.

2024

Reservoir Production Management With Bayesian Optimization: Achieving Robust Results in a Fraction of the Time

Hong. A.J. and Peyman Kor

SPE Journal

2023

Field Features Do Not Explain Greenfield Production Forecasting Bias

Nesvold. E.

SPE Journal

2019

Drill and learn: a decision-making work flow to quantify value of learning

Hanea. R.G., R-M-M. Fonseca, O. Leeuwenburgh and R. Nair

SPE Reservoir Evaluation & Engineering

Fast analysis of optimal improved-oil-recovery switch time using a two-factor production model and least-squares Monte Carlo algorithm

Hong. A.J.

SPE Reservoir Evaluation & Engineering

Integrating model uncertainty in probabilistic decline-curve analysis for unconventional-oil-production forecasting

Hong. A.J.

SPE Reservoir Evaluation & Engineering

2018

Value-of-information for model parameter updating through history matching

Hong. A.J., Bratvold. R.B., Thomas. P. and Hanea. R.G.

Journal of Petroleum Science and Engineering 165 (2018) 253–268 .

2017

Sequential Geosteering Decisions for Optimization of Real-Time Well Placement

Kullawan. K., Bratvold. R.B. and Bickel. J.E.

Submitted for publication.

Robust Production Optimization with Capacitance-Resistance Model as Precursor

Hong. A.J., Bratvold. R.B. and Nævdal. G.

Submitted to Computational Geosciences (provisionally accepted,under revision).

Value-of-Information for Model Parameter Updating through History Matching

Hong. A.J., Bratvold. R.B., Thomas. P. and Hanea. R.G.

Submitted to SPE Journal (under review)

2016

Maximising the Value of Unconventional Reservoirs by Choosing the Optimal Appraisal Strategy

Willigers. B.J.A., Bratvold. R.B. and Bickel. J.E.

SPE Reservoir Evaluation & Engineering-Formation Evaluation

Value Creation with Multi-Criteria Decision Making in Geosteering Operations

Kullawan. K., Bratvold. R.B. and Bickel. J.E.

International Journal of Petroleum Technology 3 (01): 15-31.

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Hot spot hunting: Optimising the staged development of shale plays

Willigers. B.J.A., Begg. S.H. and Bratvold. R.B.

Journal of Petroleum Science and Engineering

Appraising unconventional resources: How many wells to drill and where to place them?

Willigers. B.J.A., Begg. S.H. and Bratvold. R.B.

SPE Reservoir Evaluation & Engineering-Formation Evaluation 19, 340-349

Decision-Oriented Geosteering and the Value of Look-Ahead Information: A Case-Based Study

Kanokwan, Kullawan. K., Bratvold. R.B. and Camilo M. Nieto.

SPE Journal (2016)

2015

Sequential Exploration with Geological Dependencies and Uncertainty in Oil Prices

Jafarizadeh. B. and Bratvold. R.B.

Paper submitted for publication in SPE Economics & Management.

Value Creation with Multi-Criteria Decision Making in Geosteering Operations 2015

Kullawan. K., Bratvold. R.B. and Bickel. J.E.

Paper submitted for publication in the Journal of Petrol. Science and Engineering.

2014

Combining Geostatistics With Bayesian Updating To Continually Optimize Drilling Strategy in Shale-Gas Plays

Willigers. B.J.A., Begg. S.H. and Bratvold. R.B.

Society of Petroleum Engineers. doi:10.2118/164816-PA

A Decision Analytic Approach to Geosteering Operations

Kullawan. K., Bratvold. R.B. and Bickel. J.E.

Society of Petroleum Engineers. doi:10.2118/167433-PA

The Risk of Using Risk Matrices

Thomas. P., Bratvold. R.B. and Bickel. J.E.

Thomas. P., Bratvold. R.B., Bickel. J.E.,
SPE Econ & Mgmt 6 (2): 56-66

2013

Sell Spot or Sell Forward? Analysis of Oil Trading Decisions Using the Two-Factor Price Model and Simulation

Bratvold. R.B. and Jafarizadeh. B.

SPE Econ & Mgmt 5 (3): 80-88

2012

Two Factor Oil Price Model and Real Option Valuation: An Example of Oil Field Abandonment

Jafarizadeh. B. and Bratvold. R.B.

SPE Econ & Mgmt 4 (3): 158-170

2011

Valuation of Swing Contracts by Least-Squares Monte Carlo Simulation

Willigers. B.J.A., Begg. S.H. and Bratvold. R.B.

SPE Econ & Mgmt 3 (4): 215-225. SPE-133044-PA.

Probabilistic Modeling for Decision Support in Integrated Operations

Bratvold. R.B. and Giese. M.

SPE Econ & Mgmt 3 (3): 173-185. SPE-127761-PA. http://dx.doi.org/10.2118/127761-PA

Game Theory in the Oil and Gas Industry

Bratvold. R.B. and Koch. F.

SPE TWA 7 (1): 18-20

2010

Uncertainty and preferences in a joint E&P development program analyzed in a game theoretic framework

Willigers. B.J.A., Hausken. K. and Bratvold. R.B.

Journal of Petroleum Science and Engineering 74, 1-2, 88-98

2009

A Game Theoretic Approach to Conflicting and Evolving Stakeholder Preferences in the E&P Industry

Willigers. B.J.A., Bratvold. R.B. and Hausken. K.

SPE Economics & Management

Valuing Oil and Gas Options by Least-Squares Monte Carlo Simulation

Willigers. B.J.A. and Bratvold. R.B.

SPE Projects, Facilities & Construction

Value of Information: The Past, Present, and Future

Bratvold. R.B. and Bickel. J.E.

SPE Reservoir Evaluation and Engineering, August 2009

Would You Know a Good Decision if You Saw One?

Bratvold. R.B. and Begg. S.H.

SPE TWA 5 (2): 21-23

2008

Decision Making in the Oil & Gas Industry: From Blissful Ignorance to Uncertainty - Induced Confusion

Bickel. J.E. and Bratvold. R.B.

ENERGY EXPLORATION & EXPLOITATION 26(5), 311-325

I would rather be vaguely right than precisely wrong: A new approach to decision making in the petroleum exploration and production industry

Bratvold. R.B. and Begg. S.H.

AAPG Bulletin 92(10), 1373–1392

2007

Copulas: A New Technique to Model Dependence in Petroleum Decision Making

Begg. S.H. and Bratvold. R.B.

J. Pet. Sci. Eng. 57(1-2), 195-208

2006

Investment Decisions, Systems Approach vs. Sequential Approach: Do Functional Dependencies And Interactions Matter?

Al-Harthy. M., Khurana. A., Begg. S.H. and Bratvold. R.B.

., Begg. S.H., Bratvold. R.B.,

Australian Petroleum Production and Exploration Association (APPEA) Journal 46(1), 511 - 524

2004

The Value of Flexibility

Begg. S.H. and Bratvold. R.B.

Southern China Oil & Gas Journal 17(4)

1995

STORM: Integrated 3D Stochastic Reservoir Modeling Tool for Geologists and Reservoir Engineers

Bratvold. R.B., Holden. L., Svanes. T. and Tyler. K.

SPE Computer Applications 7(3), 58 – 68

1994

Effects of Propagating Fractures on Pressure-Transient Injection and Falloff Data

Larsen. L. and Bratvold. R.B.

SPE Formation Evaluation

1990

Analysis of Pressure Falloff Tests Following Cold Water Injection

Bratvold. R.B. and Horne. R.N.

SPE Formation Evaluation September, 203 - 302

1987

Semilog Analysis of Gas Well Drawdown and Buildup Data

Reynolds. A.C., Bratvold. R.B. and Ding. W.

SPE Formation Evaluation December, 657 - 670