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

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

Goncalves Dias De Barros, E. (TU Delft Reservoir Engineering)
Leeuwenburgh, O. (TU Delft Reservoir Engineering; TNO)
van den Hof, P.M.J. (Eindhoven University of Technology)
Jansen, J.D. (TU Delft Civil Engineering & Geosciences; TU Delft Geoscience and Engineering)

Civil Engineering & Geosciences

Geoscience and Engineering

2015

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.

http://resolver.tudelft.nl/uuid:602db76e-8b2d-4b8f-b17b-f1817ff88275

https://doi.org/10.2118/175608-MS

Society of Petroleum Engineers

2016-03-16

9781510813427

Society of Petroleum Engineers - SPE Reservoir Characterisation and Simulation Conference and Exhibition, RCSC 2015

SPE Reservoir Characterisation and Simulation Conference and Exhibition,, 2015-09-14 → 2015-09-16, Abu Dhabi, United Arab Emirates

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.

Institutional Repository

conference paper

© 2015 E. Goncalves Dias De Barros, O. Leeuwenburgh, P.M.J. van den Hof, J.D. Jansen