SPE Latin America and Caribbean Petroleum Engineering Conference 2012
DOI: 10.2118/153176-ms
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Uncertainty History Matching and Forecasting, a Field Case Application

Abstract: Geological, reservoir, economical and technological uncertainties have an effect on decision making and consequently on reserves development plans. Quantifying the impact of these uncertainties can make this process more reliable. A great difficulty to achieve this in practice is the variability and complexity of workflows available to manage uncertainty using numerical simulation.The inaccuracy, high uncertainty or lack of reliable data yields risk to the forecasting process, making the calibration of the dyn… Show more

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Cited by 11 publications
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“…Lisboa and Duarte (2010) and Becerra et al (2012) showed a methodology that uses a cut-off value in terms of objective function. The history objective function considered well data and was evaluated using proxy models.…”
Section: Introductionmentioning
confidence: 99%
“…Lisboa and Duarte (2010) and Becerra et al (2012) showed a methodology that uses a cut-off value in terms of objective function. The history objective function considered well data and was evaluated using proxy models.…”
Section: Introductionmentioning
confidence: 99%