About APCORE
Research with a decision in view.
Applied Petroleum Computational Research and Economics
APCORE is an applied research think tank connecting geoscience, petroleum engineering, petroleum economics, and quantitative decision analysis under uncertainty. Our starting point is an upstream problem, the decision it involves, and the evidence needed to evaluate the alternatives.
Our purpose
Our purpose.
Our vision
To become a leading applied research think tank for solving complex upstream oil and gas problems through computational modeling, quantitative analysis, and decision-making under uncertainty.
Our mission
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Develop computational solutions. Apply numerical modeling, scientific computing, statistics, and optimization to significant upstream problems.
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Connect disciplines. Integrate subsurface understanding, engineering performance, economics, and uncertainty in consistent quantitative frameworks.
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Advance decisions under uncertainty. Represent uncertainty probabilistically, update knowledge with data, and evaluate alternative actions through their consequences.
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Keep research industrially relevant. Balance methodological rigor with computational feasibility, transparency, and practical decision value.
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Make analysis reproducible. Develop transparent assumptions, reusable methods, and computational tools that support independent verification.
Our principles
Rigorous in method.
Open to scrutiny.
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Make uncertainty explicit.
Represent important uncertainties quantitatively and show how they affect outcomes.
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Learn from evidence.
Update parameters and predictions through statistical inference, including Bayesian methods where appropriate.
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Evaluate consequences.
Compare alternatives through their probabilistic technical and economic outcomes.
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Justify complexity.
Use more sophisticated models when they improve inference, prediction, or decision quality.
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Enable reproduction.
Make assumptions, transformations, and computational workflows sufficiently transparent for verification.
APCORE seeks to support a shared body of research, methods, and computational tools through scientific exchange and collaboration.