Multistage oilfield design optimization under uncertainty
Abstract:
Managing oilfield operations include obtaining a subsurface model including a fracture design model having an fracture property with an uncertain value. A set of representative values that represent uncertainty in the fracture property is obtained and used to solve an oilfield optimization problem with a control variable to obtain a solution. The solution includes an optimal value for the control variable. Based on the solution, an oilfield design is generated and stored.
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