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Keywords: probability
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Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 17–19, 2008
Paper Number: PETSOC-2008-076
... pressure vessel variability distribution density function calculation loading cycle fracture failure single crack hydraulic fracturing semi-elliptical surface crack propagation pof expression surface crack probability stress intensity factor analysis model reliability analysis...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 12–14, 2007
Paper Number: PETSOC-2007-137
....: cash flow machine learning project economics variance correlation npv price-cost correlation standard deviation probability project valuation oil price autocorrelation function volatility empirical evidence coefficient asset and portfolio management upstream oil & gas monte carlo...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 12–14, 2007
Paper Number: PETSOC-2007-138
... technique risk curve simulation run error index central composite design risk management upstream oil & gas statistical design multiplier risk and uncertainty assessment probability statistical design box-behnken modeling & simulation simulation flow 1 PAPER 2007-138 Risk Assessment...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 12–14, 2007
Paper Number: PETSOC-2007-100-EA
... and uncemented rock have wide and overlapping ranges of radar attributes ( Fig. 1 ). There is a correlation between the thickness and composition of the concretions with GPR responses, which produces clusters in the amplitude-frequency cross plots. SGBSIM and Tau Model Probability kriging is used...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 13–15, 2006
Paper Number: PETSOC-2006-201
... 3 . These predictions were done in two forms. The first form predicted the actual normalized volume of production. node profit matrix upstream oil & gas selection prediction logistic regression target variable regression threshold value lift curve probability classification...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 7–9, 2005
Paper Number: PETSOC-2005-202
...% higher than what the true mean of m in a sample is. While the nature of the true population mean ( xµ ) and standard deviation ( x ) of m and n are indeterminable within our data, we can reasonably determine the probability of having a range of m and n values by probability distribution analysis...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 7–9, 2005
Paper Number: PETSOC-2005-193
... sagd reservoir simulator production well steam injection pressure injection strategy oil sand thermal method optimization problem fluid dynamics steam-assisted gravity drainage gridblock probability flow in porous media csor upstream oil & gas bitumen complex reservoir...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 8–10, 2004
Paper Number: PETSOC-2004-305
... referred to a more conservative methodology now being used by outside advisors which apparently had a negative impact on their reserve estimates. Almost no reserve estimates in Western Canada are prepared using probabilistic methods and so references to certain probability levels in COGEH, particularly...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 8–10, 2004
Paper Number: PETSOC-2004-141
... to determine the optimum critical properties of heptanesplus (C7+) fraction. The effects of population size, maximum number of generation, crossover probability and mutation probability on maximum fitness were studied. Higher maximum generation number means higher chance to reach maximum fitness value...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 8–10, 2004
Paper Number: PETSOC-2004-142
... of sample objects from the mean value of its population mean. The following formula describes the interpretation of the z-score: = = µ µ µ µ i i i i i x x x x Z 0 0 0 pp ff (4) The larger the z-score, the farther the value is from the mean value of its domain. Figure 1 shows the probability...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 8–10, 2004
Paper Number: PETSOC-2004-148
... method described, that can be applied for various oilwell operations, is based on risk analysis theory and uses previous operation results in order to analyze if the operation being carried out is the one with the highest probability to conduct to the best economical result. An example of the method...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 8–10, 2004
Paper Number: PETSOC-2004-137
.... The expected (or rolled-back) cost of the Excavation case ($719892) is higher than that of the base case ($666907). The high cost of getting a high contaminant volume and high disposal rate is increasing the expected cost. The cumulative probability plot below displays the range of the nine potential outcomes...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 8–10, 2004
Paper Number: PETSOC-2004-231
... conclusive information conclusive interpretation risk management acquisition water saturation net pay thickness probability upstream oil & gas economic evaluation contribution information surface information asset and portfolio management monte carlo simulation probability...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 8–10, 2004
Paper Number: PETSOC-2004-295
... valuation method asset and portfolio management quantitative model risk adjustment evolution risk discounting banking & finance asset valuation taxonomy upstream oil & gas risk management asset cash-flow asset value financial market discount rate probability forward price...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 10–12, 2003
Paper Number: PETSOC-2003-059-EA
... of the particles (or flocs) through a laser [5]. Samples were placed in standard 1 cm × 1 cm square optical-glass cuvettes obtained from Hellma cells Inc. A three-speed magnetic stirrer was employed to disperse the asphaltene particles within the cuvette. FLOCCULATION MODEL The probability of flocculation...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 10–12, 2003
Paper Number: PETSOC-2003-081
... of the new operations and the remaining ones, through the editing capabilities. The program output presents a time histogram and a final report with the average expected time and cost, associated to the event probability (P10, P50, P90.). The minimum, average and maximum duration assumed for each operation...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 10–12, 2003
Paper Number: PETSOC-2003-085
... perpendicular to the predicted defects, especially Lack of Fusion. Electronic (linear) scanning permits very rapid coverage of the welds. Beam steering (usually called sectorial or azimuthal scanning) can be used for mapping welds at appropriate angles to optimize Probability of Detection of defects. Electronic...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 10–12, 2003
Paper Number: PETSOC-2003-084
... Abstract Accurate representation of reservoir heterogeneity using stochastic modeling techniques requires careful synthesis of the multivariate probability distribution characterizing the spatial variations of petrophysical properties. A well designed scheme for sampling from that distribution...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 10–12, 2003
Paper Number: PETSOC-2003-091
... on the outcome at the previous step l. The chain is parameterized by a dynamic factor rD €[0,1] (Caers, J., 2002) that quantifies the probability of transitioning from indicator category k at step l to the category k' at step l given the historic production data. The parameterization is written as: Equation (1...
Proceedings Papers
Publisher: Petroleum Society of Canada
Paper presented at the Canadian International Petroleum Conference, June 10–12, 2003
Paper Number: PETSOC-2003-145
... history matching production data forecast derivative tree permeability reduction simulation model probability sensitivity analysis selection well pressure exploration upstream oil & gas artificial intelligence base model production forecast production parameter PAPER 2003-145 History...
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