Abstract: Systems and methods for updating posterior geological models by integrating various reservoir data to support dynamic-quantitative data-inversion, stochastic-uncertainty-management and smart reservoir-management.

Abstract: A client-server based system for building and executing flows (i.e., interconnected systems of algorithms). The client allows a user to build a flow specification and send the flow specification to the server. The server assembles the flow from the flow spec and executes the flow. A flow may be configured to analyze the impact (e.g., the financial impact) of a number of uncertainties associated with a plurality of assets. Uncertainty variables are used to characterize the uncertainties associated with the assets. An uncertainty variable associated with one asset may be functionally dependent on an uncertainty variable associated with another asset.

Abstract: A client-server based system for building and executing flows (i.e., interconnected systems of algorithms). The client allows a user to build a flow specification and send the flow specification to the server. The server assembles the flow from the flow spec and executes the flow. A flow may be configured to analyze the impact (e.g., the financial impact) of a number of uncertainties associated with a plurality of assets. Uncertainty variables are used to characterize the uncertainties associated with the assets. An uncertainty variable associated with one asset may be functionally dependent on an uncertainty variable associated with another asset.

Abstract: A system and method may be configured to support the evaluation of the economic impact of uncertainties associated with the planning of a petroleum production project, e.g., uncertainties associated with decisions having multiple possible outcomes and uncertainties associated with uncontrollable parameters such as rock properties, oil prices, etc. The system and method involve receiving user input characterizing the uncertainty of planning variables and performing an iterative simulation that computes the economic return for various possible instantiations of the set of planning variables based on the uncertainty characterization. The system and method may (a) utilize and integrate highly rigorous physical reservoir, well, production flow, and economic models, and (b) provide a mechanism for specifying constraints on the planning variables. Furthermore, the system and method may provide a case manager process for managing multiple cases and associated “experimental runs” on the cases.

Abstract: A system and method may be configured to support the evaluation of the economic impact of uncertainties associated with the planning of a petroleum production project, e.g., uncertainties associated with decisions having multiple possible outcomes and uncertainties associated with uncontrollable parameters such as rock properties, oil prices, etc. The system and method involve receiving user input characterizing the uncertainty of planning variables and performing an iterative simulation that computes the economic return for various possible instantiations of the set of planning variables based on the uncertainty characterization. The system and method may (a) utilize and integrate highly rigorous physical reservoir, well, production flow, and economic models, and (b) provide a mechanism for specifying constraints on the planning variables. Furthermore, the system and method may provide a case manager process for managing multiple cases and associated “experimental runs” on the cases.

Abstract: Systems and methods for automatically and optimally planning multiple well locations within a reservoir simulator. The systems and methods use dynamic production criteria to create and optimize well target completion intervals and the associated well geometries for new wells dynamically, and directly within a reservoir simulator.

Abstract: Systems and methods for dynamically developing a wellbore plan with a reservoir simulator. The systems and methods develop a plan for multiple wellbores with a reservoir simulator based on actual and potential reservoir performance.

Abstract: A system comprising a memory and a processor. The memory is configured to store data and program instructions for a processing method. The processor is configured to read the program instructions from the memory. In response to execution of the program instructions, the processor is operable to: (a) instantiate one or more well process times associated with a first schedule; (b) instantiate a facility establishment time associated with first schedule; (c) instantiate zero or more dependency delays associated with the first schedule; (d) resolve event dates in the first schedule based on resolved event dates in one or more other schedules, the one or more instantiated well process times, the instantiated facility establishment time, and the instantiated dependency delays; (e) compute costs for facility establishment and well processes (e.g., well drilling and well completion) using the resolved event dates.

Abstract: A client-server based system for building and executing flows (i.e., interconnected systems of algorithms). The client allows a user to build a flow specification and send the flow specification to the server. The server assembles the flow from the flow spec and executes the flow. A flow may be configured to analyze the impact (e.g., the financial impact) of a number of uncertainties associated with a plurality of assets. Uncertainty variables are used to characterize the uncertainties associated with the assets. An uncertainty variable associated with one asset may be functionally dependent on an uncertainty variable associated with another asset.

Abstract: Methods, systems, and computer readable media are provided for fast updating of oil and gas field production optimization using physical and proxy simulators. A base model of a reservoir, well, or a pipeline network is established in one or more physical simulators. A decision management system is used to define uncertain parameters for matching with observed data. A proxy model is used to fit the uncertain parameters to outputs of the physical simulators, determine sensitivities of the uncertain parameters, and compute correlations between the uncertain parameters and output data from the physical simulators. Parameters for which the sensitivities are below a threshold are eliminated. The decision management system validates parameters which are output from the proxy model in the simulators. The validated parameters are used to make production decisions.

Abstract: Methods, systems, and computer readable media are provided for real-time oil and gas field production optimization using a proxy simulator. A base model of a reservoir, well, pipeline network, or processing system is established in one or more physical simulators. A decision management system is used to define control parameters, such as valve settings, for matching with observed data. A proxy model is used to fit the control parameters to outputs of the physical simulators, determine sensitivities of the control parameters, and compute correlations between the control parameters and output data from the simulators. Control parameters for which the sensitivities are below a threshold are eliminated. The decision management system validates control parameters which are output from the proxy model in the simulators. The proxy model may be used for predicting future control settings for the control parameters.

Abstract: A system comprising a memory and a processor. The memory is configured to store data and program instructions for a processing method. The processor is configured to read the program instructions from the memory. In response to execution of the program instructions, the processor is operable to: (a) instantiate one or more well process times associated with a first schedule; (b) instantiate a facility establishment time associated with first schedule; (c) instantiate zero or more dependency delays associated with the first schedule; (d) resolve event dates in the first schedule based on resolved event dates in one or more other schedules, the one or more instantiated well process times, the instantiated facility establishment time, and the instantiated dependency delays; (e) compute costs for facility establishment and well processes (e.g., well drilling and well completion) using the resolved event dates.

Abstract: A system and method may be configured to support the evaluation of the economic impact of uncertainties associated with the planning of a petroleum production project, e.g., uncertainties associated with decisions having multiple possible outcomes and uncertainties associated with uncontrollable parameters such as rock properties, oil prices, etc. The system and method involve receiving user input characterizing the uncertainty of planning variables and performing an iterative simulation that computes the economic return for various possible instantiations of the set of planning variables based on the uncertainty characterization. The system and method may (a) utilize and integrate highly rigorous physical reservoir, well, production flow, and economic models, and (b) provide a mechanism for specifying constraints on the planning variables. Furthermore, the system and method may provide a case manager process for managing multiple cases and associated “experimental runs” on the cases.