... ]. production forecasting Upstream Oil & Gas hybrid model block xyz probabilistic decline curve method reserves classification hybrid method estimate reserve estimation Artificial Intelligence reserves evaluation volumetric method percentile Monte Carlo simulation Reserve Estimation non...

... Cost application internal rate Project economics Monte Carlo simulation recoverable oil reserve oil price equation investment project valuation calculation quick calculation initial oil rate society of petroleum engineers Introduction Well spacing is one of the most critical...

... significant uncertainties. For instance, a realization with a GIIP very similar to the P10 volume, with high rock compressibility and a large aquifer was selected. Figure 7 shows a Tornado chart of the variables. Monte Carlo Simulation Cdf of every variable is used in conjunction with the linear...

... in order to combine the material balance approach with Monte Carlo simulation, so as to address simultaneously to reservoir properties uncertainty and limited production records, instead of getting on with complex numerical simulation models. A small mature area in Talara Basin producing from Mogollón...

... simulations to obtain 10.000 outcomes for different parameter values. From these results it was possible to perform uncertainty analysis on the prediction. Reservoir Characterization reservoir simulation Monte Carlo simulation flow in porous media uncertainty analysis Modeling & Simulation...

... Algorithms and Monte Carlo simulation, to find an optimal decision rule for alternatives of investment regarding the development of an oil field under market uncertainty. The objective of this new model is to help decision-making in the following situation: immediate development of a field or wait until...

... production monitoring reservoir surveillance upstream oil & gas production control production logging water production oil productivity index monte carlo simulation water conformance fracture pvt measurement bopd water treatment probability hydraulic fracturing water zone society...

... method can be used to narrow the range of uncertainties in gas reserves estimation in addition to Monte Carlo simulation. carlo simulation injection data estimation gas oil ratio injection saturation artificial intelligence reservoir simulation cumulative gas gas injection rate gas...

...Recovery Factor The sequence here applied is performed in four steps: in the first, we calculate the probability distribution of oil volume; in the second step we obtain the distribution of the recovery factor; in the next step we execute Monte Carlo simulation to obtain the recoverable volume...

..., we propose, as the next step, the use of fuzzy technique to obtain the probability distribution of the variables of project input variables, enabling risk evaluation with the use of Monte Carlo simulation, instead of using only the fuzzy mathematics of finance. This paper was selected...

... an economic evaluation of an exploration opportunity. reserves evaluation simulation probabilistic model artificial intelligence input variable upstream oil & gas decision tree learning expenditure prospect probability monte carlo simulation production control distribution curve spe...

... mexico well logging simulation gas Zone Detection monte carlo simulation gulf petroleum engineer clastic rock sedimentary rock rock type calibration lithology ratio neutron porosity geologist neutron porosity correlation coefficient gamma ray depth geology SPE 39058 Gas Zones...

... analyses; the last one through Monte Carlo simulation. A microcomputer version of a surfactant flooding predictive model which included economic analysis was used for deterministic simulations. Input variables considered uncertain were ranked by means of a sensitivity analysis. Those having the greatest...