System and method for determining a probability of well success using stochastic inversion
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United States of America Patent
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Nov 10, 2015
Grant Date -
Mar 6, 2014
app pub date -
Aug 31, 2012
filing date -
Aug 31, 2012
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Abstract
A system and a computer implemented method for determining a best well location from a plurality of possible well locations are described herein. The method includes drawing a plurality of earth models from a posterior distribution, wherein the posterior distribution is generated by stochastic inversion of existing data; calculating a well production at a plurality of proposed well locations within an earth model in the plurality of earth models using a relationship between the well production and earth parameters; calculating from the plurality of earth models, cost distributions using the relationship between well cost and the earth parameters; and calculating probability weighted values for the proposed well locations using probabilities from location dependent stochastic inversions as weights.
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