..., each decision variable has multiple options, which combined can generate hundreds or thousands of scenarios, raising the key question of how the optimum scenario can be determined in a timely manner. Furthermore, the optimum scenario selection process should consider uncertainty (e.g., reservoir...

... Intelligence Upstream Oil & Gas evaluation optimization problem information Visualization production profile Exploration Prospect asset and portfolio management constraint decision variable Scenario Surface FacIlity reservoir simulation prospect internal technical report Produccion...

...) where x is a vector of decision variables and y includes uncertain variables and external constraints The optimization solver used here uses heuristic global search methods ("metaheuristics"), including tabu search, scatter search, linear programming, and neural networks. The optimizer uses values...

... and, as a result, the new well locations proposal became more economically attractive. decision variable drilling oil production base case new well cumulative oil production placement simulation optimization problem reservoir characterization sidetrack well upstream oil & gas enhanced...

... learning history matching uncertainty variable functional history neural network uncertainty analysis best model Artificial Intelligence Upstream Oil & Gas History decision variable probabilistic approach response surface modeling Risk analysis permeability Reservoir Engineer society...

... is optimized. The decision framework presented may be applied in any type of hydrocarbon field, from early to mature development, and may be extended to other important decision variables, including the selection of the reservoir recovery process and market strategy. enhanced recovery Upstream Oil...

... scenario decision variable oil price sensitivity analysis enhanced recovery scenario 1 probability distribution chemical flooding methods artificial intelligence nominal value objective function decision support system npv simulation spe 27036 upstream oil & gas concentration geology...