Steve H Begg

STEVE H BEGG is Professor of Petroleum Engineering and Management in the Australian School of Petroleum at The University of Adelaide, where he specializes in tools and processes for improved business performance. His focus is on asset and portfolio investment decision-making under uncertainty, including psychological and judgmental factors in decision-making.

Before joining The University of Adelaide in 2002, Steve was Director for Decision Science and Strategic Planning with Landmark Graphics Corporation where he was responsible for leading improved economic evaluation and decision-making for both Landmark and its customers. Prior to that, he worked for BP for 13 years, the last 6 of which were spent in a variety of senior geo-science and engineering operational assignments in Alaska, which spanned production forecasting, economic evaluation, petroleum engineering and reservoir characterization roles. He also spent seven years as a researcher and Project Manager with BP Research, where his focus was on risk and uncertainty assessment related to reservoir modeling.

Steve is co-founder and President of DecisionsDecisions, Inc., and is a frequent speaker at industry conferences and events. In 2003 he was an SPE Distinguished Lecturer on the topic “I would rather be vaguely right than precisely wrong” and in 2000 he chaired an SPE Forum on the topic of “Adding Value by Leveraging Risk, Options and Portfolio Management”. Currently he chairs the SPE Forum Series Coordinating Committee and the ATCE Management program committee. Steve has published numerous papers on topics such as investment evaluation, optimal decision-making and stochastic reservoir modeling. The topics of risk and uncertainty have a constant theme throughout his career.

Steve holds a PhD degree in Geophysics and a BSc degree in Geological Geophysics from Reading University and has taken a variety of executive education courses from MIT and the University of Texas at Austin.