Abstract:Reservoir modeling has become an indispensable tool in the oil and gas industry to measure risk associated with alternative production scenarios. It is no secret that nowadays more and more operators use deterministic approach for history matching but even so, the task remains technically challenging. Given a large number of uncertainties associated with subsurface models, it has become critical to produce a set of history-matched models and use them for risk assessment in predicting the future performance of … Show more
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