Managing Subsurface Uncertainties in Facilities Design

Abstract

Risk is inherent in all field development plans. Much of the risk is related to the uncertainty in the reservoir characterization and its effects on production forecasting and, ultimately, facility design. Improper management of subsurface uncertainty in the field development plan and facility design process is often a reason for project difficulties, including cost and schedule overruns, and the failure of projects to meet their production and economic objectives.