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Risk Analysis Using Bootstrap in Combination with Inversion
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, 76th EAGE Conference and Exhibition 2014, Jun 2014, Volume 2014, p.1 - 5
Abstract
Summary
We show in this paper a new approach to statistical risk analysis using the bootstrap method in conjunction with model based inversion. It is a posteriori approach combining the results of deterministic seismic inversion and rock physics analysis. It’s an effective and efficient way to manage drilling risk and uncertainty. We show an example from the Texas Gulf Coast and demonstrate its effectiveness.
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