Assessment of Forecast Uncertainty in Mature Reservoirs

Recorded On: 10/20/2014

Modern and efficient reservoir management is imperative, given the ever-increasing demand for oil. Making the right decision on reservoir development utilizing all available data in a timely manner is the key to a successful operation. For mature reservoirs, this requires high-quality uncertainty assessment of long-term performance forecast estimations. One critical and difficult component of the total uncertainty in forecasting is the one that stems from the implicit uncertainty in the geological and reservoir simulation models. In fact, regardless of the amount of reservoir data that we collect, there is no way to define the reservoir model uniquely. This reality suggests that we use an integrated probabilistic framework and incorporate production data into the reservoir model to reduce the associated uncertainty in reservoir characterization and performance forecasting.

The technical challenge is in obtaining a probabilistic description of the reservoir models. For mature reservoirs, this implies finding not one, but a large number of reservoir models that are consistent not only with the geological data but also with the production data. Applying smart sampling techniques combined with Monte Carlo simulation within a probabilistic framework, and utilizing available high-performance computing resources, it is feasible to find multiple solutions to the history matching problem. These solutions, in turn, can be used to estimate uncertainty for making good-quality reservoir management decisions in a realistic time frame. This presentation demonstrates the practicality of an approach to solve this critical problem using a real field example.

This webinar is categorized under the SPE Distinguished Lecturer Program.

Jorge Landa

Research Consultant, Chevron Energy Technology Co.

Jorge Landa is a research consultant in reservoir engineering with Chevron Energy Technology Co. in Houston, TX. His work experience before joining Chevron includes 15 years with Halliburton. He holds MS and PhD degrees in Petroleum Engineering from Stanford University and a Mechanical Engineering degree from Universidad de Buenos Aires. He has written papers in the areas of history matching, uncertainty assessment, well testing and data integration in reservoir characterization.

Jorge was an SPE Distinguished Lecturer for the 2007-08 lecture season.

SPE Webinars are FREE to members courtesy of the


Web Event
Recorded 10/20/2014
Recorded 10/20/2014 60 minutes
0.10 CEU/1 PDH credits  |  Certificate available
0.10 CEU/1 PDH credits  |  Certificate available