Day 4 Thu, October 29, 2020 2020
DOI: 10.2118/201254-ms
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Reinforcement Learning For Field Development Policy Optimization

Abstract: What is the next best drilling decision to make in a Field Development Plan (FDP)? This is the key question we address in this work. A FDP consists of a sequence of decisions. Each action we take affects the reservoir and conditions any future decision. The novelty of our proposed approach is the consideration of the sequential nature of the decisions through the framework of Dynamic Programming (DP) and Reinforcement Learning (RL). In this framework, each scheduled drilling decision depends on the observation… Show more

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Cited by 7 publications
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