Reservoir optimization under uncertainty

OE Staff
Friday, February 10, 2012

Norway’s SPT Group is hailing the next-generation release of its reservoir flow model optimization solution, the newly launched MEPO4, as the industry’s first model for rigorous optimization under uncertainty.

Removing uncertainty is not possible, notes Stig Selberg, EVP reservoir optimisation at Oslo-based SPT, ‘but MEPO now enables geoscientists and reservoir engineers to understand and manage it better, to optimize development plans, drainage strategies and well targets even, with imperfect information’.

Since its first commercial release in 2004, MEPO has become an industry standard for automation and optimization of simulation workflows. As well as the uncertainty model, the latest version’s other new capabilities include a field management library to make it easier for engineers to optimize plateau length, well locations, well scheduling and production strategies.

The redesigned user interface and new 3D visualization technology (3DViz module) are expected to ‘significantly improve the understanding and analysis of different reservoir scenarios’, said Selberg, who sees MEPO4 ‘fast becoming the ultimate desktop application for all simulation projects targeting improved production, reservoir management and understanding of modeling and production uncertainties’.

Categories: Technology Products Geoscience Europe Geology

Current News

Stephen Chazen, Long-time Occidental Petroleum Executive, Dies at 76

OMV Confirms Find in One of "Largest Prospects in Norway"

Maersk Drilling Tapped for Danish Drilling

TechnipFMC Wins North Sea EPCI Project

Subscribe for OE Digital E‑News