Abstract: A system and method is taught to substantially automate forecasting for a hydrocarbon producing reservoir through integration of modeling module workflows. A control management module automatically generates static and dynamic offspring models, with static and dynamic modeling software, until a performance objective associated with the forecasting of the reservoir is satisfied. The performance objective can include an experimental design table to determine a sensitivity of a particular parameter or can be directed towards reservoir optimization, i.e., ultimate hydrocarbon recovery, net present value, reservoir percentage yield, reservoir fluid flow rate, or history matching error.

Abstract: A method for forecasting production from a hydrocarbon producing reservoir, the method includes defining an objective function and characteristics of a history-matched model of a reservoir and acceptable error E. At least one geological realization of the reservoir is created representing a probable geological setting. For each geological realization, a global optimization technique is used to perform history matching in a series of iterative steps to obtain acceptable models. Production of the reservoir is forecasted based upon simulation runs of the respective models.

Abstract: A system and method is taught to substantially automate forecasting for a hydrocarbon producing reservoir through integration of modeling module workflows. A control management module automatically generates static and dynamic offspring models, with static and dynamic modeling software, until a performance objective associated with the forecasting of the reservoir is satisfied. The performance objective can include an experimental design table to determine a sensitivity of a particular parameter or can be directed towards reservoir optimization, i.e., ultimate hydrocarbon recovery, net present value, reservoir percentage yield, reservoir fluid flow rate, or history matching error.

Abstract: A method for forecasting production from a hydrocarbon producing reservoir, the method includes defining an objective function and characteristics of a history-matched model of a reservoir and acceptable error E. At least one geological realization of the reservoir is created representing a probable geological setting. For each geological realization, a global optimization technique is used to perform history matching in a series of iterative steps to obtain acceptable models. Production of the reservoir is forecasted based upon simulation runs of the respective models.