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EP 67: Jeff Krimmel from Krimmel Strategy Group

Energy Bytes

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Navigating Uncertainty in Engineering

This chapter explores the complexities of decision-making in reservoir engineering compared to traditional engineering, highlighting the role of uncertainty and probabilistic forecasting. The speakers share personal experiences and emphasize the necessity of transparent assumptions and data utilization in strategic planning within the oil and gas industry. The discussion also addresses the balance between innovation and industry practices, as well as the importance of effective communication in driving informed capital allocation decisions.

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