Robust Decision Making under Subsurface Uncertainty in Upstream Oil and Gas Business

Subsurface uncertainty makes prediction of field performance for development and depletion planning purposes very challenging. The full characterization of subsurface uncertainty and its impact on reservoir performance predictions is essential to robust decision making in the Upstream. This is especially true for large projects in complex geologic settings. However, despite decades of research in reservoir modeling and simulation, reliable quantification of the impact of subsurface uncertainty remains difficult in practice. In this talk, I will give an overview of the upstream oil and gas business, the high-impact decisions we make in field development, and the challenges we face in making those decisions. Then, I will highlight recent advances in the development of an integrated, high-performance reservoir modeling and simulation platform and discuss its impact on improved decision making at ExxonMobil.

Speaker: John Kuzan, ExxonMobil

Thursday, 03/15/18


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Green Earth Sciences Building

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Room 365, Stanford University
Stanford, CA 94305

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