Analytical Modeling and Improved Decision-Making: A Steam-Solvent Co-Injection Case Study

Mohsen Keshavarz


This presentation shows that the awareness of the importance of uncertainty has resulted in a paradigm shift in forecasting objectives in the oil and gas industry. The choice of modeling tool is a function of the scope and the decisions being made (one size does not fit all!). The following trade-offs can help making a fit-for-purpose choice of the modeling tool:

–Complexity vs. error

–Complexity vs. efficiency (time and resources)

–Identifiability vs. flexibility

–Identifiability vs. predictive capability