Abstract

This work presents a model resolving data shortage problems when facing investment decisions in selecting drilling projects based on availability of equipments and drilling facilities. This is accomplished by enabling an environment for automatic information exchange using the technology of Radio Frequency Identification (RFID) integrated with assessments for projects net profit values. Incorporating the information technology tools facilitates the components selection and improves information retrieval efficiency for such missions especially during projects evaluation and drilling operation phase. Also, a fuzzy model is presented and convoyed with an optimization technique to take into consideration the risk of possible variation in oil prices and production cost. All these components are integrated by using information system design tools.