... a group of analog wells and fit a model to a representative well in the group. We then calculate the scaling factor for each well in the group as a probability distribution. We pool these distributions to estimate the variation in scaling factors between different wells. This represents the uncertainty...

... distribution curve of all the possible outcomes. production monitoring selection initial production rate reservoir surveillance erratic behavior decline behavior production forecasting spe 152392 envelope production history probability distribution production rate production behavior decline...

... the probability distribution of the prediction period. It was based on the quality and weight attributed to the matching of an objective function defined for the history period. Similar approaches in this research topic are presented by WILLIAMS et al. (2004) and MA et al. (2006). QUEIPO et al. (2002) present...

... of production of each alternative and determination of its range of typical behavior (4) Estimation of probability distributions of production for each variable, (5) Monte Carlo simulation for risk assessment of each alternative and selecting the best choice. The methodology was applied to evaluate management...

...-seismic fault probability distribution fluid dynamics cumulative production permeability injector well spe 136681 risk assessment geological modeling upstream oil & gas Introduction The field in study is located in Campos Basin. It comprises around 150 km 2 in area and the water...

... artificial intelligence reservoir upstream oil & gas reservoir simulation spe 139357 drillstem/well testing cumulative gas production flow rate probability distribution correlation expression relative permeability ratio assumption pvt measurement cumulative oil production monte carlo...

...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...

... cummulative production variable cost historical data asset and portfolio management reserves evaluation enhanced recovery mean value assumption equation lifting cost cost center probability distribution standard dev business unit fraction spe 69559 simulation machine learning pondering...

... management risk analysis probability distribution trinidad capital investor royalty bitumen profitability risk assessment cash inflow risk management deposit tarsand exploitation project capital expenditure risk and uncertainty assessment extraction process complex reservoir extraction...

... 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...