A method, apparatus, and article of manufacture are provided that usemeasurement data to create amodel of a subsurface area. The method includes creating an initialparameterized model having an initialestimate of model parameter uncertainties; considering measurement data fromthe subsurface area; updatingthe model and its associated uncertainty estimate; and repeating theconsidering and updating steps withadditional measurement data. A computer-based apparatus and article ofmanufacture for implementingthe method are also disclosed. The method, apparatus, and article ofmanufacture are particularly usefulin assisting oil companies in making hydrocarbon reservoir data acquisition,drilling and field developmentdecisions.
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