SPE Reservoir Simulation Symposium 2015
DOI: 10.2118/173301-ms
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Bridging the Gap Between Deterministic and Probabilistic Uncertainty Quantification Using Advanced Proxy Based Methods

Abstract: The use of proxy models for optimisation of expensive functions has demonstrated its value since the 1990's in many industries. Within reservoir engineering, similar techniques have been used for over a decade for history matching, both in commercial tools and in-house software.In addition to efficient history matching, proxy models have a distinct advantage when performing uncertainty quantification of probabilistic forecasts. Markov Chain Monte Carlo (MCMC) methods cannot realistically be applied directly wi… Show more

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Cited by 48 publications
(18 citation statements)
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References 256 publications
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“…In addition, the standard MH algorithm has a lower acceptance ratio [69] than other MCMC algorithms such as delayed rejection [70], adaptive Metropolis [71], and the combination of delayed rejection and adaptive Metropolis [72]. A good summary and discussion of the advanced MCMC algorithms can be found in Goodwin [73]. To improve the MH algorithm, Yu et al [74] proposed a new probabilistic approach with the Bayesian methodology combined with MCMC sampling and a FDC decline curve model to increase the efficiency and reliability of the uncertainty quantification.…”
Section: Probabilistic Decline Curve Modelmentioning
confidence: 99%
“…In addition, the standard MH algorithm has a lower acceptance ratio [69] than other MCMC algorithms such as delayed rejection [70], adaptive Metropolis [71], and the combination of delayed rejection and adaptive Metropolis [72]. A good summary and discussion of the advanced MCMC algorithms can be found in Goodwin [73]. To improve the MH algorithm, Yu et al [74] proposed a new probabilistic approach with the Bayesian methodology combined with MCMC sampling and a FDC decline curve model to increase the efficiency and reliability of the uncertainty quantification.…”
Section: Probabilistic Decline Curve Modelmentioning
confidence: 99%
“…Uncertainty quantification using reservoir simulation models is becoming increasingly important for making field development decisions (Subbey et al 2004;Webb et al 2008;Oliver and Chen 2011;Bazargan et al 2013;Goodwin 2015). For brown fields that have been discovered and developed enough to have historical production data, an ensemble of history-matched reservoir models that are constrained by field production data are required in order to quantify the uncertainty of production forecast.…”
Section: Introductionmentioning
confidence: 99%
“…Various optimization algorithms have been applied in reservoir simulation studies, including Genetic Algorithm, Evolution Strategy, Differential Evolution, Particle Swarm Optimization, Gradual Deformation, and Adjoint (Oliver and Chen 2011;Mirzabozorg et al 2013;Goodwin 2015). These algorithms generate a sequence of parameter values that generally improve the history match as more simulations are performed.…”
Section: Introductionmentioning
confidence: 99%
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