LEAN ENERGY MANAGEMENT-11: Martingale control of 4D reservoir performance provides constant watch on field profitability

Roger Anderson, Albert Boulanger - Columbia University, New York CityWei He - CitiGroup, New York City; Ulisses Mello, Liqing Xu - IBM, Yorktown Heights, NYComputer-aided lean management (CALM) requires a feedback loop between actions taken in the field and the return of metrics that score the success or failure of those actions.This feedback is fed into a model that continuously recomputes optimal solutions to keep the next actions “always-in-the-money.” Such a feedback control system that simultaneously optimizes both economic value and operational aspects of “e-fields” is called a “Martingale controller.”Four-dimensional seismic monitoring of reservo...

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