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Keywords: likelihood
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Proceedings Papers

Paper presented at the SPE Asia Pacific Oil & Gas Conference and Exhibition, November 17–19, 2020
Paper Number: SPE-202220-MS
... effectively IPA have been evaluating projects for over thirty years and have a database of more than 15,000 projects. They have shown that the level of FEL at FID is a good indicator of the likelihood of a project achieving its predicted outcomes, in terms of cost, time and production ( Griffith 2006...
Proceedings Papers

Paper presented at the SPE/IATMI Asia Pacific Oil & Gas Conference and Exhibition, October 17–19, 2017
Paper Number: SPE-186191-MS
... petroleum external damage society of petroleum engineers RFCC risk assessment likelihood application potential damage mechanism pressure vessel Introduction Crude petroleum for current production has decreased significantly in recent years, reserves of residual oil is huge relatively with 1...
Proceedings Papers

Paper presented at the SPE/IATMI Asia Pacific Oil & Gas Conference and Exhibition, October 17–19, 2017
Paper Number: SPE-186245-MS
... and reservoir management to maximize recovery of mature fields. strength Upstream Oil & Gas geomechanical model likelihood compaction reservoir geomechanics pore pressure restriction deformation sand failure stress change coefficient Reservoir Characterization depletion reservoir pressure...
Proceedings Papers

Paper presented at the SPE/IATMI Asia Pacific Oil & Gas Conference and Exhibition, October 20–22, 2015
Paper Number: SPE-176074-MS
... likelihood model parameter optimization uncertainty quantification reservoir model differential evolution probability posterior distribution prediction algorithm Gaussian process society of petroleum engineers simulation model Introduction In making business plans for development of oil...
Proceedings Papers

Paper presented at the SPE/IATMI Asia Pacific Oil & Gas Conference and Exhibition, October 20–22, 2015
Paper Number: SPE-176405-MS
... identification drilling contractor key risk safety factor health mitigation hazard construction regulation risk management Upstream Oil & Gas reasonably practicable rig blowout drilling project cost probability likelihood reduce drilling project cost operator society of petroleum engineers...
Proceedings Papers

Paper presented at the SPE Asia Pacific Oil and Gas Conference and Exhibition, April 5–7, 2005
Paper Number: SPE-93164-MS
... by creating hybrid parameters, using techniques related to principle component analysis, Predicting matching domains: combination of parameters levels (once discretised) that are likely to generate a match. This greatly helps the likelihood of finding multiple matching realisations, covering the range...
Proceedings Papers

Paper presented at the SPE Asia Pacific Oil and Gas Conference and Exhibition, September 9–11, 2003
Paper Number: SPE-80436-MS
... seismic anomaly correlation portfolio information resource in place estimate anomaly stoiip likelihood modelled stoiip discovered distribution risked reservoir characterization unrisked stoiip risked stoiip 20 prospect asset and portfolio management carlo simulation risk management bayes...
Proceedings Papers

Paper presented at the SPE Asia Pacific Oil and Gas Conference and Exhibition, October 12–14, 1998
Paper Number: SPE-50949-MS
... probability rapid risk ranking crest elevation risk and uncertainty assessment spe 50949 project economic model elevation optimise field development option asset and portfolio management likelihood project management upstream oil & gas risk assessment lat goddard spe 50949 requirement...

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