Article ID Journal Published Year Pages File Type
1757248 Journal of Natural Gas Science and Engineering 2016 15 Pages PDF
Abstract
A Reduced Order Modelling (ROM) coupled with a physically based optimization method named Guided Pattern Search (GPS) has been extended to take geological uncertainties into account. Four different optimization processes based on a full order or a reduced order simulation coupled with a GPS or a conventional pattern search (PS) algorithm have been carried out using the selected realizations. The best NPV results were obtained by execution of GPS on a full order simulation model. ROM led to reduction of the simulation time by a factor of eight which would make the optimization process tractable but caused some inaccuracy in the NPV evaluations. The combination of GPS and ROM resulted in an acceptable trade-off between NPV maximization and run time reduction.
Related Topics
Physical Sciences and Engineering Earth and Planetary Sciences Earth and Planetary Sciences (General)
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