Institute of Petroleum Engineering

Uncertainty Project. Phase II.

PHASE II. March 2005-February 2008.



The goal of this industry sponsored project is to develop practical methods to quantify uncertainty in reservoir performance forecasting.

The approach we are developing is to construct multiple models matching known reservoir performance data (rates, pressures etc) which are also consistent with prior geological beliefs. Because our knowledge of the reservoir properties is from a limited set of sample points, there will always be multiple reservoir models consistent with our knowledge, and our reservoir model predictions will be uncertain.


Sponsors


Phase II of the Uncertainty Project acknowledges the support of the following companies.


Anadarko logo, 1K BG plc logo, 2K BP logo, 2K ConocoPhillips logo, 2K

DTI logo, dti, 1K ENI logo, 4K JNOC logo, 2K

Landmark logo, 2K Shell logo, 2K Statoil logo, 2K