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Importance of Uncertainty Consideration for a Field Development Planning by an Example of an Intelligent Well Completion
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, 6th EAGE Saint Petersburg International Conference and Exhibition, Apr 2014, Volume 2014, p.1 - 5
Abstract
Summary
This paper demonstrates how the optimum well completion design determined during Field Development Planning depends on the manner in which reservoir uncertainty is evaluated. A more robust evaluation of the preferred well completion design and field development strategy will only be achieved if the uncertainty in the reservoir parameters is considered along with the “most likely” realisation of the reservoir.
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