History Matching in Reservoir Simulation, well location and production optimization etc. is generally a multi-objective optimization problem. The problem statement of history matching for a realistic field case includes many field and well measurements in time and type, e.g. pressure measurements, fluid rates, events such as water and gas break-throughs, etc. Uncertainty parameters modified as part of the history matching process have varying impact on the improvement of the match criteria. Competing match criteria often reduce the likelihood of finding an acceptable history match. It is an engineering challenge in manual history matching processes to identify competing objectives and to implement the changes required in the simulation model.

In production optimization or scenario optimization the focus on one key optimization criterion such as NPV limits the identification of alternatives and potential opportunities, since multiple objectives are summarized in a predefined global objective formulation. Previous works primarily focus on a specific optimization method. Few works actually concentrate on the objective formulation and multi-objective optimization schemes have not yet been applied to reservoir simulations.

This paper presents a multi-objective optimization approach applicable to reservoir simulation. It addresses the problem of multi-objective criteria in a history matching study and presents analysis techniques identifying competing match criteria. A Pareto-Optimizer is discussed and the implementation of that multi-objective optimization scheme is applied to a case study. Results and consequences for the uncertainty quantification are presented.

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