Decision support method for oil reservoir management in the presence of uncertain technical and economic parameters
US7430501B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 2, 2004 |
| Grant date | Sep 30, 2008 |
| Priority date | — |
| Expiry date | Apr 4, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The method of the invention is applicable to oil production to obtain the impact of technical and economic uncertainties on the economic profitability of a reservoir and/or to optimize the position of a new well in order to meet a development strategy. The invention includes in stage 1, uncertain technical parameters having an influence on the reservoir production are selected; in stage 2, an analytic model expressing the reservoir production in the course of time is determined as a function of the parameters selected in stage 1, from production values obtained by means of a flow simulator; and in stage 3, a model expressing the economic profitability of the reservoir is determined as a function of the technical and economic parameters, from the analytic model determined in stage 2.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.