1887

Abstract

Summary

This paper proposes a new methodology to perform value of information (VOI) analysis within a closed-loop reservoir management (CLRM) framework. The workflow combines tools such as robust optimization and history matching in an environment of uncertainty characterization. The approach is illustrated with two simple examples: an analytical reservoir toy model based on decline curves and a waterflooding problem in a two-dimensional five-spot reservoir. The results are compared with previous work on other measures of information valuation, and we show that our method is a more complete, although also more computationally intensive, approach to VOI analysis in a CLRM framework. We recommend it to be used as the reference for the development of more practical and less computationally demanding tools for VOI assessment in real fields.

Loading

Article metrics loading...

/content/papers/10.3997/2214-4609.20141839
2014-09-08
2024-04-25
Loading full text...

Full text loading...

References

  1. Aanonsen, S.I., Naevdal, G., Oliver, D.S, Reynolds, A.C. and Valles, B.
    [2009] The ensemble Kalman filter in reservoir engineering – a review. SPE Journal, 14(3), 393–412.
    [Google Scholar]
  2. Bhattacharjya, D., Eidsvik, J., Mukerji, T.
    [2010] The value of information in spatial decision making. Mathematical Geosciences, 42(2), 141–163.
    [Google Scholar]
  3. Bratvold, R.B., Bickel, E.J. and Lohne, H.P.
    [2009] Value of information: the past, present, and future. SPE Reservoir Evaluation and Engineering, 12(4), 630–638.
    [Google Scholar]
  4. Chen, Y., Oliver, D.S. and Zhang, D.
    [2009] Efficient ensemble-based closed-loop production optimization. SPE Journal14(4), 634–645.
    [Google Scholar]
  5. Evensen, G.
    [2009] Data assimilation – The ensemble Kalman filter, 2nd ed. Springer, Berlin.
    [Google Scholar]
  6. Howard, R.A.
    [1966] Information value theory. IEEE Transactions on Systems, Science and Cybernetics, SSC-2(1), 22–26.
    [Google Scholar]
  7. Jansen, J.D., Brouwer, D.R., Nævdal, G. and van Kruijsdijk, C.P.J.W.
    [2005] Closed-loop reservoir management. First Break, 23(1), 43–48.
    [Google Scholar]
  8. Jansen, J.D., Bosgra, O.H. and van den Hof, P.M.J.
    [2008] Model-based control of multiphase flow in subsurface oil reservoirs. Journal of Process Control, 18, 855–.
    [Google Scholar]
  9. Jansen, J.D., Douma, S.G., Brouwer, D.R., Van den Hof, P.M.J., Bosgra, O.H. and Heemink, A.W.
    [2009] Closed-loop reservoir management. Paper SPE 119098 presented at the SPE Reservoir Simulation Symposium, The Woodlands, USA, 2–4 February.
    [Google Scholar]
  10. Krymskaya, M.V., Hanea, R.G., Jansen, J.D. and Heemink, A.W.
    [2010] Observation sensitivity in computer-assisted history matching. 72nd EAGE Conference & Exhibition, Barcelona, Spain, 14–17 June2010.
    [Google Scholar]
  11. Le, D.H. and Reynolds, A.C.
    [2014] Optimal choice of a surveillance operation using information theory. Computational Geosciences. Published online. DOI: 10.1007/s10596‑014‑9401‑7.
    https://doi.org/10.1007/s10596-014-9401-7 [Google Scholar]
  12. Lie, K.-A., Krogstad, S., Ligaarden, I. S., Natvig, J. R., Nilsen, H. M. and Skalestad, B.
    [2012] Open source MATLAB implementation of consistent discretisations on complex grids. Computational Geosciences, 16(2), 297–322.
    [Google Scholar]
  13. Naevdal, G., Brouwer, D.R. and Jansen, J.D.
    [2006] Waterflooding using closed-loop control. Computational Geosciences, 10(1), 37–60.
    [Google Scholar]
  14. Oliver, D.S., Reynolds, A.C. and Liu, N.
    [2008] Inverse theory for petroleum reservoir characterization and history matching. Cambridge University Press, Cambridge.
    [Google Scholar]
  15. Oliver, D.S. and Chen, Y.
    [2011] Recent progress on reservoir history matching: a review. Computational Geosciences, 15(1), 185–221.
    [Google Scholar]
  16. Sarma, P., Durlofsky, L.J. and Aziz, K.
    [2008] Computational techniques for closed-loop reservoir modeling with application to a realistic reservoir. Petroleum Science and Technology, 26(10&11), 1120–1140.
    [Google Scholar]
  17. Van Essen, G.M., Zandvliet, M.J., Van den Hof, P.M.J., Bosgra, O.H. and Jansen, J.D.
    [2009] Robust waterflooding optimization of multiple geological scenarios. SPE Journal, 14(1), 202–210.
    [Google Scholar]
  18. Yeten, B., Durlofsky, L.J. and Aziz, K.
    [2003] Optimization of nonconventional well type, location and trajectory. SPE Journal, 8(3), 200–210.
    [Google Scholar]
  19. Wang, C., Li, G. and Reynolds, A.C.
    [2009] Production optimization in closed-loop reservoir management. SPE Journal, 14(3), 506–523.
    [Google Scholar]
http://instance.metastore.ingenta.com/content/papers/10.3997/2214-4609.20141839
Loading
/content/papers/10.3997/2214-4609.20141839
Loading

Data & Media loading...

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error