SPE NL Presents:
Monthly meeting Monday, 9th November 2015
Optimism in Reservoir Production Forecasting : Impact of Geology, Heterogeneity, Geostatistics, Reservoir Modeling, and Uncertainty
By Distinguished Lecturer William Meddaugh (Midwestern State University)
The oil and gas industry uses static and dynamic reservoir models to assess volumetrics and to help evaluate development options via production forecasts. Elegant geological models are generated using sophisticated software without a full understanding of the limitations imposed by the data or the underlying stochastic algorithms. Key issues facing reservoir modelers that have been evaluated include use of reasonable semivariogram model parameters (a measure of heterogeneity), model grid size, and model complexity. However, reservoir forecasts tend to be optimistic. Knowing what workflow aspects may contribute to forecast optimism should enable the industry to generate more reliable forecasts and make better use of capital.
About the presenter:
William Meddaugh - Distinguished Lecturer
William Meddaugh is the RL Bolin Distinguished Professor of Petroleum Geology at Midwestern State University. Before joining the university in 2013, he had a 32-year career at Chevron, specializing in technical project management. He is the author or coauthor of more than 30 SPE and peerreviewed technical papers on forecast optimism, reservoir characterization, and modeling. Meddaugh holds a PhD in geology from Harvard University. He is an associate editor of SPE Reservoir Evaluation & Engineering.
Please Click HERE to register
Venue: Carlton Ambassador Hotel, Sophialaan 2, The Hague
Programme: Social Hour 18:00; Lecture 19:00; Dinner 20:00
Entrance fees: Members € 30 Non-members € 40 Students: € 10
Please register before Friday 6 November 12:00
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