Development of a reservoir model for estimating production under uncertainty
This research aims to consider the way uncertainty in quantification of hysteresis effects in three-phase relative permeability models impact the results of reservoir simulations under Water Alternating Gas (WAG) conditions. It is common that a single history-matched reservoir simulation model used to forecast for future production profiles. Because solution to the history matching is non-unique, resulting predictions of the production profiles are uncertain. Hence, this uncertainty is routinely neglected in commercial applications. Present research would study the reservoir performance under uncertainty in characterization of the reservoir model and tries to quantify the associated uncertainty in predictions of future reservoir performance.
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