Full text loading...
-
A Structured Approach Towards Quantification of Subsurface Parameter Ranges
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, PGCE 2012, Apr 2012, cp-297-00083
Abstract
Objective of this paper is to illustrate how a structured approach towards quantifying the expectation ranges of key subsurface parameters, differentiating between true uncertainty and mere variability and recognizing the possibility of biases in our subsurface data, can lead to significantly improved asset management, i.e., better reservoir models, improved accuracy of resource estimates, more objective assessment of appraisal value etc.