2018
DOI: 10.2516/ogst/2018014
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Investigation of production forecast biases of simulation models in a benchmark case

Abstract: Reservoir management decisions are often based on simulation models and probabilistic approaches. Thus, the response of the model must be sufficiently accurate to base sound decisions on and fast enough to be practical for methodologies requiring many simulation runs. However, simulation models often forecast production rates different to real production rates for various reasons. Two possible causes of these deviations are (1) upscaling (a technique to reduce the computational time of simulation models by red… Show more

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Cited by 7 publications
(2 citation statements)
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“…the advantage was for the strategy optimized from RM3. This indicates that the model-based decisions have a degree of bias (Botechia et al, 2018;Loomba et al, 2020), which can lead to unexpected results. However, in this case, the differences between the strategies are small and both led to good decisions to be applied to the field (Figure 18).…”
Section: Part II -Probabilistic Proceduresmentioning
confidence: 99%
“…the advantage was for the strategy optimized from RM3. This indicates that the model-based decisions have a degree of bias (Botechia et al, 2018;Loomba et al, 2020), which can lead to unexpected results. However, in this case, the differences between the strategies are small and both led to good decisions to be applied to the field (Figure 18).…”
Section: Part II -Probabilistic Proceduresmentioning
confidence: 99%
“…The performance of a high-fidelity model must be preserved using an accurate simulation model because of the complex integration between the production strategy and the system performance (production, injection, and economic forecasts) (Botechia et al, 2018a). The reservoir simulation model must honor all dynamic data and be fast enough to allow analyses of multiple scenarios.…”
Section: Introductionmentioning
confidence: 99%