SIMULATION OF PETROLEUM RESERVOIR EXPLOITATION USING PLANNING VARIABLES

摘要

A system and method may be configured to support the evaluation of theeconomic impact of uncertainties associated with the planning of a petroleumproduction project, e.g., uncertainties associated with decisions havingmultiple possible outcomes and uncertainties associated with uncontrollableparameters such as rock properties, oil prices, etc. The system and methodinvolve receiving user input characterizing the uncertainty of planningvariables and performing an iterative simulation that computes the economicreturn for various possible instantiations of the set of planning variablesbased on the uncertainty characterization. The system and method may (a)utilize and integrate highly rigorous physical reservoir, well, productionflow, and economic models, and (b) provide a mechanism for specifyingconstraints on the planning variables. Furthermore, the system and method mayprovide a case manager process for managing multiple cases and associated"experimental runs" on the cases.