Feb. 13, 2008


Description

Facing the current challenge of oil industry, modern and efficient reservoir management is necessary. Making the right decision of reservoir development utilizing all available data in a timely manner is the key of successful operation. For mature reservoirs, this requires high quality uncertainty assessment of long term performance forecast estimations. The most difficult component of the total uncertainty in forecast is the one that stems from the implicit uncertainty in the geological and reservoir simulation model. In fact, regardless the amount of reservoir data that we collect, there is no way to define uniquely the reservoir model. It is thus necessary to work in an integrated probabilistic framework; and incorporating production data into the reservoir model is an important step to reduce the associated uncertainty in reservoir characterization and performance forecast. The technical challenge is in obtaining probabilistic description of the reservoir models. For mature reservoirs, this implies finding not one, but a large number of reservoir models that are consistent not only with the geological data but also with the production data. Applying smart sampling techniques combined with Monte Carlo simulation within a probabilistic framework, and utilizing available high performance computing resources, it is feasible to find multiple solutions to the history matching problem that can be used to estimate uncertainty for making management decision in a realistic time frame. This presentation will demonstrate the practical approach to solve this critical problem using field examples.


Featured Speakers

Speaker Jorge L. Landa **2007 - 2008 SPE Distinguished Lecturer**
Sr. Advisor Reservoir Engineering Chevron Energy Technology Company The 2007–08 SPE Distinguished Lecturer Program emphasizes current industry trends, challenges, and technology. Jorge Landa has been chosen as one of the Distinguished Lecturers for this program year.  Jorge Landa is a senior adviser in reservoir engineering with Chevron Energy Technology. His ...

Sr. Advisor Reservoir Engineering
Chevron Energy Technology Company

The 2007–08 SPE Distinguished Lecturer Program emphasizes current industry trends, challenges, and technology. Jorge Landa has been chosen as one of the Distinguished Lecturers for this program year. 


Jorge Landa is a senior adviser in reservoir engineering with Chevron Energy Technology. His work experience before joining Chevron includes 15 years with Halliburton. Landa earned MS and PhD degrees in petroleum engineering from Stanford University and a mechanical engineering degree from Universidad de Buenos Aires. He has written 14 papers in the areas of history matching, uncertainty assessment, well testing and data integration in reservoir characterization


Full Description



Organizer

Michael Sternesky


Date and Time

Wed, Feb. 13, 2008

11:30 a.m. - 1 p.m.
(GMT-0500) US/Central

Event has ended

If you do not have a full-time job in the oil and gas industry, are a full-time student or Member in Transition (MiT) member, and you do not see a discounted registration fee for students/MiT regarding this event, please contact the GCS manager at spe-gcs@spe.org.


Location

The Courtyard @ St. James

1885 St. James Place
Houston, Texas 77056
USA