SPE Annual Technical Conference and Exhibition 1995
DOI: 10.2118/30710-ms
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Optimizing Reservoir Performance Under Uncertainty with Application to Well Location

Abstract: Stochastic parameters representing geological uncertainties in reservoir modeling may be classified in 2 types: 1) Continuous stochastic variables (e.g., degree of communication through a fault); and 2) Discrete stochastic variables representing different geological interpretations (e.g., same/different channel observed in different wells) each with a given probability.A method for optimizing reservoir performance is presented, which may take into account both these types of uncertainties in a consistent and s… Show more

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Cited by 57 publications
(15 citation statements)
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“…A mathematical regression model is then created for each of the production responses (oil recovery, plateau period, etc.). The model, also called "Response Surface Model" or RSM 3,4 , is then used for generating probabilistic distribution of each response using the "Monte Carlo" technique. The final results are P90, P50 and P10 values of the "production responses.…”
Section: Methodsmentioning
confidence: 99%
“…A mathematical regression model is then created for each of the production responses (oil recovery, plateau period, etc.). The model, also called "Response Surface Model" or RSM 3,4 , is then used for generating probabilistic distribution of each response using the "Monte Carlo" technique. The final results are P90, P50 and P10 values of the "production responses.…”
Section: Methodsmentioning
confidence: 99%
“…This is accomplished by comparing the randomly generated locations with the points existing in the database. This method is similar to the kriging proxy employed by some researchers [6] [14] [15]. The exception is that, the database of points (proxy) in our case is not used to replace the simulator when estimating for un-simulated points as is done with the kriging proxy.…”
Section: Dealing With Out-of-boundary-pointmentioning
confidence: 99%
“…A survey of these methods is presented in the following: D-optimality experimental design: This method was first proposed by Aanonsen et al (1995) in well placement optimization under uncertainty. They included the effect of uncertainty in reservoir description using a combination of Doptimality experimental design technique and response surface methodology.…”
Section: Effect Of Uncertaintymentioning
confidence: 99%