All Days 2011
DOI: 10.2118/146748-ms
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Geology-guided Quantification of Production-Forecast Uncertainty in Dynamic Model Inversion

Abstract: The presence of a large number of geologic uncertainties and limited well data typically increase the challenges associated with hydrocarbon recovery forecasting. Although recent advances in geologic modeling enable the automation of the model generation process by means of next-generation geostatistical tools, the computation of the reservoir dynamic response with full-physics reservoir simulation remains a computationally expensive task, which in practice requires considering only a few (but which?) of the m… Show more

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Cited by 12 publications
(5 citation statements)
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“…Various clustering techniques have found use in applications such as Web search, image retrieval, gene-expression analysis, recommendation systems, and market research based on transaction data (Jiang et al 2004;Daruru et al 2009). Recently, clustering techniques were also used in the petroleum industry for distance-based reservoir-uncertainty modeling (Scheidt and Caers 2009) and dynamic ranking of history-matched reservoir models to quantify uncertainty in prediction forecasting (Maučec et al 2011;Singh et al 2014). When the data sets are Year in (2007,2008,2009) Year in (2010,2011,2012) Year in (2007,2010,2011,2012) Year in (2008,2009) small or variables exhibit a low degree of variation, clustering does not add significant value.…”
Section: Methods Enhancementsmentioning
confidence: 99%
“…Various clustering techniques have found use in applications such as Web search, image retrieval, gene-expression analysis, recommendation systems, and market research based on transaction data (Jiang et al 2004;Daruru et al 2009). Recently, clustering techniques were also used in the petroleum industry for distance-based reservoir-uncertainty modeling (Scheidt and Caers 2009) and dynamic ranking of history-matched reservoir models to quantify uncertainty in prediction forecasting (Maučec et al 2011;Singh et al 2014). When the data sets are Year in (2007,2008,2009) Year in (2010,2011,2012) Year in (2007,2010,2011,2012) Year in (2008,2009) small or variables exhibit a low degree of variation, clustering does not add significant value.…”
Section: Methods Enhancementsmentioning
confidence: 99%
“…Use of experimental design to develop response surface [32][33][34][35][36][37][38][39][40][41], integrated with Monte Carlo simulations to characterise the response surface and to estimate the uncertainty [42,43]. Application of Bayesian multi-stage MCMC approach, based on an approximation with a linear expansion to reduce high computational costs [44], more accurately obtained model uncertainty and also assists in productionforecast business decisions [45], with Bayesian workflow based on two-step MCMC inversion [46].…”
Section: Background Studies Of Proxy Modelmentioning
confidence: 99%
“… Derivation of the forecast uncertainty from the outcome of these intelligently selected few full-physics simulations. Further details are available in (Scheidt and Caers, 2009;Maučec et al, 2011b).…”
Section: Quantification Of Reservoir Production Forecast Uncertaintymentioning
confidence: 99%
“…11. Flowchart of the streamline-based, two-step MCMC algorithm as implemented in AHM workflow (Maučec et al 2007;Maučec et al 2011a;Maučec et al 2011b). …”
mentioning
confidence: 99%
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