"Optimization of Well Placement Under Time-Dependent Uncertainty" by Umut Özdoğan
Stanford University | 2004 | ISBN: n/a | 100 pages | PDF | 5 Mb
A Hybrid Genetic Algorithm (HGA) was used as the optimization method to find the best locations of the wells. In order to find the optimum
decisions for different risk attitudes, a utility framework, that enables the assessment of the uncertainty of the well-placement decisions, was used.