PetroWiki defines reservoir management as: …a dynamic process that recognizes the uncertainties in reservoir performance resulting from our inability to fully characterize reservoirs and flow processes. It seeks to mitigate the effects of these uncertainties by...
Unlike the rest of the process industries where the inputs and outputs to the process are largely known, oil and gas production comes from unseen reservoirs. Reservoir models are built by geologists from numerous sources—log data, lab data, seismic data, outcrop data,...
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