Value of multiple production measurements and water front tracking in closed-loop reservoir management

E. Goncalves Dias De Barros, O. Leeuwenburgh, P. M.J. Van Den Hof, J. D. Jansen

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

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Abstract

This paper extends previous work on value of information (VOI) assessment in closed-loop reservoir management (CLRM) to estimate the added value of performing multiple measurements along the producing life of the reservoir. The new procedure is based on the workflow from our previous paper which allows to quantify the VOI of a single observation under geological uncertainty. Here we show that, by modifying that workflow slightly, it is possible to assess the value of a series of measurements without a prohibitive increase in computational costs. The approach is illustrated with two cases based on a simple water flooding problem in a two-dimensional five-spot reservoir: the first one, in which we assess the value of a series of production measurements, and the second one, in which we estimate the additional value of water front positions tracked by an interpreted time-lapse seismic survey. We believe that our proposed workflow is a complete methodology to estimate the VOI in a CLRM context because we take into account that the production strategy is updated periodically after new information has been assimilated in the models. However, future work will be required to reduce the computational load to allow for the application of the workflow to real field cases.
Original languageEnglish
Title of host publicationSociety of Petroleum Engineers - SPE Reservoir Characterisation and Simulation Conference and Exhibition, RCSC 2015
PublisherSociety of Petroleum Engineers
Pages1172-1182
Number of pages11
ISBN (Electronic)9781510813427
DOIs
Publication statusPublished - 2015
EventSPE Reservoir Characterisation and Simulation Conference and Exhibition, - Abu Dhabi, United Arab Emirates
Duration: 14 Sep 201516 Sep 2015

Conference

ConferenceSPE Reservoir Characterisation and Simulation Conference and Exhibition,
Abbreviated titleRCSC 2015
Country/TerritoryUnited Arab Emirates
CityAbu Dhabi
Period14/09/1516/09/15

Bibliographical note

Green Open Access added to TU Delft Institutional Repository ‘You share, we take care!’ – Taverne project https://www.openaccess.nl/en/you-share-we-take-care Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.

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  • Value of information in closed-loop reservoir management

    Gonçalves Dias de Barros, E., 2018, 171 p.

    Research output: ThesisDissertation (TU Delft)

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    49 Downloads (Pure)

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