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Keywords: Reservoir Management Decision
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Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Reservoir Characterisation and Simulation Conference and Exhibition, May 8–10, 2017
Paper Number: SPE-186049-MS
... decisions, especially for complex reservoirs. reservoir simulation model update History ensemble Modeling & Simulation Reservoir Management Decision prediction workflow society of petroleum engineers machine learning Upstream Oil & Gas parameterization model parameter model...
Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Reservoir Characterisation and Simulation Conference and Exhibition, September 14–16, 2015
Paper Number: SPE-175668-MS
... ensure both fast and consistent data integration and give an improved representation of the model and prediction uncertainties, leading to improved reservoir management decisions. Furthermore, we illustrate that the traditional, base case, approach leads to the wrong investment decision as model...