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Kahrobaei, S. (author), Mansoori, M. (author), Joosten, G.J.P. (author), Van den Hof, P.M.J. (author), Jansen, J.D. (author)
It is well known that parameter updating of large-scale numerical reservoir flow models (a.k.a. ‘computer assisted history matching’) is an ill-posed inverse problem. Typically the number of uncertain parameters in a reservoir flow model is very large whereas the available information for estimating these parameters is limited. The classic...
conference paper 2014
Barros, E.G.D. (author), Van den Hof, P.M.J. (author), Jansen, J.D. (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...
journal article 2015