Uncertainty quantification and value of information assessment using proxies and Markov chain Monte Carlo method for a pilot project

Author:

Chen Bailian,He Jincong,Wen Xian-Huan,Chen Wen,Reynolds Albert C.

Publisher

Elsevier BV

Subject

Geotechnical Engineering and Engineering Geology,Fuel Technology

Reference44 articles.

1. Optimizing subsurface field data acquisition using information theory;Abellan;Math. Geosci.,2010

2. Value of information in closed-loop reservoir management;Barros;Comput. Geosci.,2016

3. Efficient Markov Chain Monte Carlo Sampling Using Polynomial Chaos Expansion, in SPE Reservoir Simulation Symposium;Bazargan,2013

4. A hybrid Markov chain Monte Carlo method for generating permeability fields conditioned to multiwell pressure data and prior information;Bonet-Cunha;SPE J.,1998

5. Value of information in the oil and gas industry: past, present, and future;Bratvold;SPE Reserv. Eval. Eng.,2009

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