Proceedings of SPE Annual Technical Conference and Exhibition 1995
DOI: 10.2523/30710-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 19 publications
(4 citation statements)
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“…This cheap proxy can then be used to replace the actual evaluation function during the large number of iterations of the optimization process. Earlier researchers have looked into using proxies for numerical models [4][5][6][7] . Such a proxy method requires an initial investment of numerical simulations that will be used to calibrate the proxy in order to make it as accurate as possible.…”
Section: Helper Methodsmentioning
confidence: 99%
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“…This cheap proxy can then be used to replace the actual evaluation function during the large number of iterations of the optimization process. Earlier researchers have looked into using proxies for numerical models [4][5][6][7] . Such a proxy method requires an initial investment of numerical simulations that will be used to calibrate the proxy in order to make it as accurate as possible.…”
Section: Helper Methodsmentioning
confidence: 99%
“…Kriging: Kriging can be used to create a proxy. Previously kriging has been used in a similar fashion by Pan and Horne 5 and also Aanonsen et al 4 . Kriging is an algorithm based on the theory of regionalized variables and can be used as a multidimensional interpolation and extrapolation algorithm.…”
Section: Helper Methodsmentioning
confidence: 99%
See 1 more Smart Citation
“…Work on FDO problems started with the placement or scheduling of a limited number of wells (for early studies see, e.g., Bittencourt [7]; Beckner and Song [5]; Aanonsen et al [1]; Bittencourt and Horne [8]; Guyaguler et al [16] Badru and Kabir [3]; Bangerth et al [4] and references therein). In most of these studies, some simplifications were typically made, such as consideration of vertical wells only, or of straight well segments only, or of single-well trajectories only.…”
Section: Introductionmentioning
confidence: 99%