2023
DOI: 10.2118/217985-pa
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Reservoir Production Management With Bayesian Optimization: Achieving Robust Results in a Fraction of the Time

Peyman Kor,
Aojie Hong,
Reidar Bratvold

Abstract: Summary In well control (production) optimization, the computational cost of conducting a full-physics flow simulation on a 3D, rich grid-based model poses a significant challenge. This challenge is exacerbated in a robust optimization (RO) setting, where flow simulation must be repeated for numerous geological realizations, rendering RO impractical for many field-scale cases. In this paper, we introduce and discuss a new optimization workflow that addresses this issue by providing computational… Show more

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