.... As mentioned, log measurements were of very good quality and no significant borehole damages were present; the standard environmental corrections were applied coupled with Monte Carlo simulations in order to provide estimates for log uncertainty. The lack of vertical resolution of the conventional measurements...

... variability geological modeling risk and uncertainty assessment petrophysical uncertainty well logging monte carlo simulation integration accuracy 1 PETROPHYSICAL EVALUATION UNDER UNCERTAINTY: METHODOLOGY AND INTEGRATION IN 3D GEOLOGICAL MODELLING Michele Arcangeli, NIccolò Ceresa, Maria Teresa...

... in a global input will be automatically reported on the overall portfolio. The second level of sensitivity is provided by the Monte Carlo simulation, calculated from the model uncertainties, either threats or opportunities. Each uncertainty is characterized by a probability and an impact variable applied...

... simulation capex project management implementation probabilistic distribution confidence level objective monte carlo simulation budget evaluation project objective risk management risk evaluation probabilistic model strategic planning and management upstream oil & gas information...

... optimization process with a powerful genetic algorithm takes place. The result is an optimized field configuration characterised by a deterministic production increase in respect to the initial production. In the second phase, after having identified the uncertain input variables, a Monte Carlo simulation...

..., and uncertainty analysis for their cost and schedule management. Since time and cost management for drilling operations naturally carries a great deal of uncertainty (due to geological and technical factors) this area is suitable for the probabilistic approach application. Risk analysis and Monte Carlo simulation...

... and history matching analysis, and concluding with the application of the Monte Carlo simulation. The stochastic approach to the production budgeting allows to quantify risks and opportunities, obtaining a probability distribution function for the defined period of time. Therefore a probability level can...

... technique and the potential exposure to relevant risks modeling & simulation risk and uncertainty assessment risk management drilling operation risk assessment directional drilling monte carlo simulation information artificial intelligence casing design casing and cementing lean...