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Keywords: flow control valve
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Proceedings Papers
Publisher: Society of Petroleum Engineers (SPE)
Paper presented at the SPE Reservoir Characterization and Simulation Conference and Exhibition, September 16–18, 2013
Paper Number: SPE-166008-MS
... an objective function that captures the mean and variance in the well's estimated value. Multiple geostatistical realizations are used to incorporate the element of geological/reservoir uncertainty in the optimisation process. The workflow also accounts for the risk of flow control valve failure. A brief...
