Petrel Uncertainty

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 great challenge with assessing the viability of recovering hydrocarbon.

The key is to quantify these unknowns into probabilistic risks related to the engineered recovery mechanisms.

The Uncertainty module for the Petrel platform enables the quantification of not only geophysical and geological uncertainties, but also time and pressure-based reservoir uncertainties that provide a comprehensive coverage of the quantification of this incertitude.

Connect sources of uncertainty

The Uncertainty module gives geoscientists and engineers 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 through quantifying the uncertainty space can be organized, intuitively plotted, and adjusted in order to more efficiently reach the targeted objective. The Petrel platform also provides logical ways to modify existing model properties, while implementing sampling methods like Monte Carlo, and de facto case management that keeps a tidy trail of the uncertainty expedition.

By capturing static and dynamic aspects of subsurface uncertainty you can make more confident risk-adjusted decisions.