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CONSULTANTS' CORNER


Susan K. Peterson, PhD

DESCRIPTION CONTACT

Our mission: To identify, describe, analyze, and manage the risk and uncertainty associated with components of profit (capital cost and timing, production forecasts, operating expenses, and price)

We will:

  • motivate you to master probabilistic methods: Monte Carlo simulation and decision trees.
  • build and enhance models that clarify the problem, engage the proper resources, and drive better business decisions.
  • develop internal champions and processes that endure.

Susan Peterson has more than 17 years of experience as a consultant, project manager/senior drilling engineer, and teaching petroleum engineering. For more than eight years she has specialized in applying risk analysis and decision methods for AFE time and cost models and full field development optimization.

As a consultant, Susan performs project-specific risk analysis and provides training on decision and risk analysis. Her experience includes project team leader for a Risk Analysis and Decision Methods initiative, integrated risk analysis on field development optimization and evaluation projects. Her work resulted in probabilistic time and cost estimates for CAPEX, selection of appropriate technology, strategizing terms and conditions, and providing probabilistic engineering economics.

Susan has experience in reservoir and production engineering as well as extensive experience as a drilling engineer. She was assistant professor of petroleum engineering at Marietta College. Susan has PhD and MS degrees from Texas A&M University and a BS degree from Marietta College, all in petroleum engineering.

Susan Peterson
11923 Longleaf Lane
Houston, TX 77024-7105
http://www.jmurtha.com

phone 713.266.4593
fax 713.266.0024
e-mail susan.peterson@att.net

INDUSTRIES SERVED

Construction
Engineering
Litigation
Petroleum
Risk Analysis Training
Utilities

 

PRODUCT(S) USED
All Products
TECHNIQUES APPLIED

Cash flow analysis
Cost estimation
Decision analysis
Engineering design
Financial valuation
Monte Carlo simulation
Optimization
Project management
Production forecasts
Reserve estimation
Risk analysis
Risk management
Statistics

 
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