Stochastic-aided design and Bayesian updating: New tools to use expert knowledge in quantitative models that incorporate uncertainty

Proceedings - SPE Annual Technical Conference and Exhibition

Volumn , Issue , 2004, Pages 2603-2612

  Galli, Alain ^a   Armstrong, Margaret ^a   Portella, Ricardo Cunha Mattos ^b   De Souza Jr , Olinto Gomes ^b   Yokota, Honório Kouki ^b  

^a PSL RESEARCH UNIVERSITY   (France)

^b Petrobras ^*  (Brazil)

Author keywords

[No Author keywords available]

Indexed keywords

GAS RESERVOIRS; PROBABILISTIC EVALUATION; RESERVOIR MODELS; STOCHASTIC METHODOLOGY;

COMPUTER SIMULATION; GEOPHYSICS; MATHEMATICAL MODELS; NATURAL GAS; OIL WELL DRILLING; OIL WELL PRODUCTION; PETROLEUM RESERVOIR EVALUATION;

RANDOM PROCESSES;

EID: 22044435655     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: None     Document Type: Conference Paper

References (13)

1. Portella, R.C.M., Salomão, M.C., Blauth, M., Duarte, R.L.B.: Uncertainty Quantification to Evaluate the Value of Information in a Deepwater Reservoir, paper SPE 79707 presented at SPE Reservoir Simulation Symposium, Houston, Texas, U.S.A., February 2003.
2. Marsily, G. de, De. l'identification des systèmes en hydrogéologie (Tome 1). Doctoral Thesis Université Pierre et Marie Curie-Paris VI, pp. 58-130, 1978
3. Matheron G. La théorie des variables régionalisées et ses applications, No5 caiers du Centre de Morphologie Mathématique, Ensmp, Fontainebleau, 1970
4. Galli A., E. Murillo & J. Thomann, Dual Kriging: its properties & its uses in direct contouring, in Geostatistics for natural Resource Characterization, proceedings of the NATO Advanced Study Institute, held Lake Tahoe 6-17 September, 1982, ed Verly et al, Reidel, Dordrecht Holland, pp621-633, 1983
5. Chilès J-P & P. Delfiner, Geostatistics: Modeling Spatial Uncertainty, J Wiley & Sons New York, 695p, 1999
6. Nelsen R.B., An introduction to copulas, Springer Verlag, New York. 215p. 1999
7. Joe H., Multivariate models and dependence concepts. Chapman Hall, Boca Raton, Florida. 395p 1997
8. Armstrong, M. and A. Galli. Copulas. Presented at the SPE Applied Technology Workshop: Risk analysis applied to field development under uncertainty. Rio de Janeiro, 29-30 August 2002, available at web-site: http://www.cerna.ensmp.fr/Documents/AG-MA-Copulas.pdf
9. Armstrong, M. and A. Galli. Sequential non Gaussian simulations using the FGM Copula. Cerna Working Paper 2002 available at web-site: http://www.cerna.ensmp.fr/Documents/MA-AG-WPCopula.pdf
10. Galli, A., M. Armstrong, O. Gomes de Sousa and H.Y. Yokota (2004) Valuing expert knowledge in quantitative models that incorporates uncertainty, presented at the EAGE conference held in Paris 6-10 June 2004.
11. Reynolds A.D. Dimensions of Paralic Sandstone Bodies-AAPG Bulletin, vol 83 (2), p211-229. 1999
12. Robert C.P., The Bayesian Choice: A Decision-Theoretic Motivation, Springer New York, 436p, 1997
13. Galli A., Armstrong M. & M.A.G Dias, The Value of Information: A Bayesian Real Option Approach, SPE 90418, SPE Annual Technical Conference and Exhibition held in Houston, Texas, U.S.A., 26-29 September 2004