2019
DOI: 10.2118/195640-pa
|View full text |Cite
|
Sign up to set email alerts
|

Efficient Optimization of Well-Drilling Sequence with Learned Heuristics

Abstract: Summary When preparing a field–development plan, the forecast value of the development can be sensitive to the order in which the wells are drilled. Determining the optimal drilling sequence generally requires many simulation runs. In this paper, we formulate the sequential decision problem of a drilling schedule as one of finding a path in a decision tree that is most likely to generate the highest net present value (NPV). A nonparametric online–learning methodology is developed to efficiently … Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1

Citation Types

0
3
0

Year Published

2020
2020
2024
2024

Publication Types

Select...
6

Relationship

1
5

Authors

Journals

citations
Cited by 9 publications
(3 citation statements)
references
References 4 publications
0
3
0
Order By: Relevance
“…The model is the same as was used in Evensen et al [12], and we will not describe the model at length here but rather focus on the impact of introducing correlated measurement errors for a reservoir case. The model was previously used also by Leeuwenburgh et al [18],Hanea et al [14], and Wang and Oliver [26], and we refer to these papers for a detailed presentation.…”
Section: Reservoir Experimentsmentioning
confidence: 99%
“…The model is the same as was used in Evensen et al [12], and we will not describe the model at length here but rather focus on the impact of introducing correlated measurement errors for a reservoir case. The model was previously used also by Leeuwenburgh et al [18],Hanea et al [14], and Wang and Oliver [26], and we refer to these papers for a detailed presentation.…”
Section: Reservoir Experimentsmentioning
confidence: 99%
“…Previous work reduces the risk of geological uncertainty and increases the return on the drilling program [ 17 , 18 ]. However, their optimal solution is to maximize the value of the remaining reservoir in the shortest possible time, rather than focusing on the proper sequence of drilling to ensure the target production [ 19 , 20 ] developed a model based on a genetic algorithm and a reservoir simulator for optimal drilling scheduling [ 21 ]. investigated modeling sequence-dependent switchovers for uniform discrete-time scheduling problems.…”
Section: Introductionmentioning
confidence: 99%
“…However, similar challenges, as in hydrocarbon field development, are observed in geothermal field development planning. Some major issues are biases in production forecasts [22,23] and the VOI of sequential data acquisition [24,25] in particular if data gathering costs of the various actions are different [26]. Despite these efforts, the required time from geothermal field appraisal to heat extraction is 3-7 years [5] and the economics of such projects are challenging [27]; in particular, if value erosion occurs owing to the acquisition of too much data, wrong data, or high costs.…”
Section: Introductionmentioning
confidence: 99%