Day 2 Tue, May 01, 2018 2018
DOI: 10.4043/28931-ms
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Comprehensive Quantification of Uncertainty Parameters and its Role in Integrated Reservoir Characterization of Carbonate Environment

Abstract: Quantification of uncertainty in input parameters to build a robust 3D geological model is an integral and perhaps the most crucial requirement in high-risk exploration areas. This demands more innovative and effective management of uncertainties for optimizing reserve portfolios and better formulation of exploration and exploitation strategies for oil and gas fields. The present area of study pertains to Mumbai/Western Offshore Basin of India. The reservoirs of the study area are challenging due to their high… Show more

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Cited by 1 publication
(2 citation statements)
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“…The most influential parameters will be transferred to uncertainty quantification while the parameters with negligible effect will be ignored. Figure (1) shows the Sensitivity analysis of parameters on STOIIP for the geological model. The results illustrate that the oil-water contact's depth is the most predominant parameter influence on the STOIIP then comes net to gross (NTGseed), water saturation (SwSeed), and porosity (PHIseed) respectively.…”
Section: Sensitivity Analysismentioning
confidence: 99%
See 1 more Smart Citation
“…The most influential parameters will be transferred to uncertainty quantification while the parameters with negligible effect will be ignored. Figure (1) shows the Sensitivity analysis of parameters on STOIIP for the geological model. The results illustrate that the oil-water contact's depth is the most predominant parameter influence on the STOIIP then comes net to gross (NTGseed), water saturation (SwSeed), and porosity (PHIseed) respectively.…”
Section: Sensitivity Analysismentioning
confidence: 99%
“…Each uncertainty parameters have a special probability distribution which is considered more realistic to describe uncertainty in variables of a risk analysis. Also, the probability density function (PDF) is used to limit variation of the objective prediction to maintain the P10/P90 ratios within the appropriate ranges [1]. A new Bayesian approach was used for history matching and uncertainty assessment.…”
Section: Introductionmentioning
confidence: 99%