Geologic Modeling and History Matching of Production Fields Using an Integrated Geologic/Engineering Approach (RETR)

The Reservoir Evaluation Time Reduction (RETR) methodology was developed to improve the process of building reservoir simulation models and reduce the time required to establish the technical basis for business decisions. This integrated history matching process was tested on four producing fields of varying stratigraphic complexity, number of wells, and depositional environment. These tests demonstrated that using the RETR process offers several advantages over the traditional approach.