2020
DOI: 10.1115/1.4046732
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Improving Forecast Uncertainty Quantification by Incorporating Production History and Using a Modified Ranking Method of Geostatistical Realizations

Abstract: The majority of the geostatistical realizations ranking methods disregard the production history in selection of realizations, due to its requirement of high simulation run time. They also ignore to consider the degree of linear relationship between the “ranks based on the ranking measure” and “ranks based on the performance parameter” in choosing the employed ranking measure. To address these concerns, we propose an uncertainty quantification workflow, which includes two sequential stages of history matching … Show more

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Cited by 4 publications
(1 citation statement)
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“…In this study, a fast reservoir simulator was used for the history matching process to obtain insights with consistent flow behavior using production history data in a shorter time. The study involved many complex mathematical steps that required the employment of substantial computational resources, and a significant reduction in computing time is not observed, ( Monfaredi et al, 2020 ).…”
Section: Introductionmentioning
confidence: 99%
“…In this study, a fast reservoir simulator was used for the history matching process to obtain insights with consistent flow behavior using production history data in a shorter time. The study involved many complex mathematical steps that required the employment of substantial computational resources, and a significant reduction in computing time is not observed, ( Monfaredi et al, 2020 ).…”
Section: Introductionmentioning
confidence: 99%