Fehintola, T.O., Shell Nigeria Exploration and Production Company, Nigeria; Olatunbosun, G., Shell Nigeria Exploration and Production Company, Nigeria
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. © 2011 Society of Exploration Geophysicists.