Across the breadth of hydrocarbon exploitation there is uncertainty from acquisition, analysis, application, technology, and economics, all the way to timing and resources. This array of variability presents a significant challenge in assessing the viability of recovering hydrocarbon.
The key is to quantify these unknowns into probabilistic risks related to the engineered recovery mechanisms.
Petrel Uncertainty enables the quantification of not only geophysical and geological uncertainties but also time- and pressure-based reservoir uncertainties to provide comprehensive coverage of the quantification of the incertitude.
Connect sources of uncertainty
Petrel Uncertainty provides geoscientists and engineers with the ability to connect the different sources of uncertainty to one central application. Once in the Petrel platform, a variety of plots can be used to analyze the ranges of static and dynamic possibilities, via traditional visualization such as tornado and cumulative production plots, or more novel visualization of trends and relationships between variables and optimization progress.
Make more confident decisions
The pursuit of quantification of the uncertainty space can be organized, intuitively plotted, and adjusted to reach the targeted objective more efficiently. The Petrel platform also provides logical ways to modify existing model properties while implementing sampling methods, such as Monte Carlo, and de facto case management to keep a tidy trail of the uncertainty expedition.
Through the capture of both static and dynamic aspects of subsurface uncertainty, users are able to make more confident risk-adjusted decisions.