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Barros, E.G.D. (author), Jansen, J.D. (author), Van den Hof, P.M.J. (author)
This paper proposes a new methodology to perform value of information (VOI) analysis within a closed-loop reservoir management (CLRM) framework. The workflow combines tools such as robust optimization and history matching in an environment of uncertainty characterization. The approach is illustrated with two simple examples: an analytical...
conference paper 2014