Australian School of Petroleum & Energy Resources
Faculty of Sciences, Engineering and Technology
Eligible to supervise Masters and PhD - email supervisor to discuss availability.
Stephen (Steve) Begg is former Head of School and Professor of Petroleum Engineering & Management. His research and teaching focus is on decision-making under uncertainty, asset and portfolio economic evaluations, and psychological & judgmental factors that impact these, particulary eliciting expert opinion and uncertainty assessment.
Before joining the University in 2002, Steve spent 19 years in the oil and gas industry, most recently as Director of Decision Science & Strategic Planning for Landmark Graphics Corporation. Prior to that, Steve worked for BP: 6 years with BP Exploration in Alaska, in senior geo-science and engineering operational assignments which spanned a range of production forecasting, economic evaluation, petroleum engineering and reservoir characterization roles, and 7 years as a reservoir characterization researcher and manager for BP Research.
Steve is very active in the Society of Petroleum Engineers (SPE), is a member of the Institute For Operations Research and Management Science (INFORMS), Decision Analysis Society (DAS), the American Association of Petroleum Geologists (AAPG) and is on the Board of the Society of Decision Professionals (SDP). He is frequently invited to speak at Industry conferences and give workshops and short courses. In 2003 he was an SPE Distinguished Lecturer on the topic "I would rather be vaguely right than precisely wrong: a new approach to evaluating investment decisions" and was selected again in 2010 on the topic "Reliability of Expert Judgements and Uncertainty Assessments". Steve has Chaired several SPE Forums (research conferences) and Advanced Technology Workshops related to his areas of expertise and has also contributed numerous invited papers/presentations to such meetings. Along with co-author Prof Reidar Bratvold he was commissioned by SPE to write a book on Decision Analysis - Making Good Decisions.
Steve has a B.Sc. and Ph.D. in Geophysics from the University of Reading, England and has taken executive education training at MIT and the University of Texas, Austin.
My research interests all fall under the umbrella of Decision-making Under Uncertainty
Integration of decision-making with economic evaluation - "real Options thinking": Value of Information and Value of Flexibility or Control
Decision Analysis and Decision Quality
Psychological (cognitive science) aspects of judgment and decision-making. Elicitation of un-biased (accurate) expert opinion, particularly probability assessments, for input to decisions
Development of tools and processes to remediate biasses and investigation of the effectiveness and durability of such training
Matching appropriate decision tools and processes to decision types
Overcoming barriers-to-adoption - implications for, and development of new, reward/penalty mechanisms
Portfolio analysis and decision-making
Date Position Institution name 2010 - 2016 Head, Australian School of Petroleum University of Adelaide 2002 - ongoing Professor University of Adelaide 1997 - 2005 Director, Decision Science & Portfolio Management Landmark (a Halliburton company) 1990 - 1997 Staff Geoscientist & Staff Engineer BP (Bristish Petroleum) 1983 - 1990 Research Petroleum Engineer BP (British Petroleum)
Awards and Achievements
Date Type Title Institution Name Country Amount 2018 Achievement Distinguished Achievement Award for Petroleum Engineering Faculty Society of Petroleum Engineers United States 2016 Award SPE International 2016 Management and Information Technical Award Society of Petroleuem Engineers 2013 Award Asia-Pacific Management & Information Award Society of Petroleum Engineeers United States
Date Institution name Country Title 1997 - 1980 University of Reading United Kingdom BSc in Geological Geophysics 1980 - 1983 University of Reading United Kingdom PhD in Earthquake Seismology
Year Citation 2015 Willigers, B., Begg, S. H., Bratvold, R. B., Julier, R., & Bickel, E. (2015). Appraising unconventional reservoirs. Poster session presented at the meeting of Petrophysical Uncertainty: Why it matters and what to do about it. London: London Petrophysical SOciety. 1984 BEGG, S. (1984). SEISMICITY OF THE MID-ATLANTIC RIDGE - 30-DEGREES-N-50-DEGREES-N, 1917-1978. Poster session presented at the meeting of GEOPHYSICAL JOURNAL OF THE ROYAL ASTRONOMICAL SOCIETY. BLACKWELL SCIENCE LTD.
Prof. Begg teaches mainly in Level 3 and Level 4 of our undergraduate programs and in Masters by Coursework programs.
- Decision-making, uncertainty assessment and risk analysis (decision processes and tools such as Decision Trees, Influence Diagrams, Probability and Statistics, Monte Carlo simulation and the psychological and judgemental aspects of uncertainty and risk assessment)
- Economic Evaluation at Asset and Portfolio Levels ("Real Options", Value of Information, Value of Flexibility, Portfolio analysis and selection)
Reservoir Characterization (data analysis, 3D modelling with geostatistics and up-scaling)
Industry Workshops and Short Courses
Prof. Begg provides workshops and short-courses (half-day to one week) on topics such as
- Business & Economic Evaluation
- Making Good Decisions
- Value of Information & Flexibility
- Monte Carlo Simulation
- Eliciting Expert Opinions and Probability Assessments
- Portfolio Analysis & Selection
for companies including Exxon-Mobil, BP, BHP-Billiton, Maersk, Dong, Woodside, Santos, BG Group and Stuart Petroleum
Current Higher Degree by Research Supervision (University of Adelaide)
Date Role Research Topic Program Degree Type Student Load Student Name 2018 Principal Supervisor Optimisation of Well Placement, Trajectory and Control Under Uncertainty Doctor of Philosophy Doctorate Full Time Mr Yazan Arouri
Past Higher Degree by Research Supervision (University of Adelaide)
Date Role Research Topic Program Degree Type Student Load Student Name 2014 - 2019 Principal Supervisor Decision Making for Oil and Gas Projects: Using Front End Loading and Decision Analysis More Effectively Doctor of Philosophy Doctorate Full Time Mr David Newman 2004 - 2006 Principal Supervisor Real Options Valuation for Petroleum Investments Master of Engineering Science Master Full Time Ms Yanhua Yao 2004 - 2007 Principal Supervisor Human Decision-Making Under Uncertainty in the Upstream Oil and Gas Industry Doctor of Philosophy Doctorate Full Time APrf Steven Mackie 2003 - 2008 Principal Supervisor Multi-Objective Portfolio Optimisation of Upstream Petroleum Projects Master of Engineering Science Master Full Time Mr Otto Aristeguieta Alfonzo
Date Role Board name Institution name Country 2015 - ongoing Chair Academic Board University College London, Adelaide Australia 2014 - ongoing Member Society of Decision Professionals United States
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