Day 3 Fri, May 19, 2017 2017
DOI: 10.2118/185502-ms
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RMFinder 2.0: An Improved Interactive Multi-Criteria Scenario Reduction Methodology

Abstract: This paper presents an extension of the RMFinder technique, previously proposed to identify representative models (RMs) within the decision-making process in oil fields. As there are several uncertainties associated with this decision-making process, a large number of scenarios are supposed to be analyzed, so that high-quality production strategies can be defined. Such broad analysis is often unfeasible, so techniques to automatically identify RMs are particularly relevant. The original RMFinder does not consi… Show more

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Cited by 12 publications
(7 citation statements)
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“…At the time of this study, we applied the initial proposal of RMFinder (Meira et al, 2016), which had some simplifications, namely the set of RMs were assumed to be equiprobable and it only considered a maximum of four field indicators (e.g., NPV, N p , W p , ORF). Meira et al (2017) improved RMFinder by assigning probabilities to each RM. Further improvements are still ongoing, such as increasing the number of objective functions (up to 50), including not only field indicators, but also well indicators (such as fluid rates and BHP).…”
Section: Step 12 and Discussionmentioning
confidence: 99%
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“…At the time of this study, we applied the initial proposal of RMFinder (Meira et al, 2016), which had some simplifications, namely the set of RMs were assumed to be equiprobable and it only considered a maximum of four field indicators (e.g., NPV, N p , W p , ORF). Meira et al (2017) improved RMFinder by assigning probabilities to each RM. Further improvements are still ongoing, such as increasing the number of objective functions (up to 50), including not only field indicators, but also well indicators (such as fluid rates and BHP).…”
Section: Step 12 and Discussionmentioning
confidence: 99%
“…8. Selection of Representative Models (RMs) (Costa et al, 2008;Meira et al, 2016Meira et al, , 2017Schiozer et al, 2004) based on multiple system inputs (probability distribution and range of uncertain attributes) and outputs (production, injection, and economic forecasts). 9.…”
Section: Blue Stepsmentioning
confidence: 99%
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“…To select the RMs, we used the procedure proposed by Meira et al (2016) and Meira et al (2017), based on multiple system inputs (probability distribution and range of uncertain attributes) and outputs (production, injection, and economic forecasts), and it was implemented using in-house software. The method receives the full set of data-assimilated simulation models and returns a smaller subset of models (the RMs) that properly represent the variability of the uncertainties of the original set.…”
Section: Part Ii: Probabilistic Proceduresmentioning
confidence: 99%