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Keywords: probabilistic estimate
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Proceedings Papers
Integrating Learning Curves in Probabilistic Well Construction Estimates
Available to PurchasePublisher: Society of Petroleum Engineers (SPE)
Paper presented at the Middle East Drilling Technology Conference & Exhibition, October 26–28, 2009
Paper Number: SPE-125472-MS
... in probabilistic estimates. Brief reviews of probabilistic estimating methods and learning curves are provided. A general method and specific procedures for integrating learning curves in probabilistic estimates are then provided. For each method, the key assumptions are itemized and discussed and a demonstration...
