Risk Assessment of Drilling and Completion Operations in Petroleum Wells Using a Monte Carlo and a Neural Network Approach

Topics:
Global Strategy,
Risk Analysis and Management
Tags:
Network,
Neural Network,
Petroleum,
Risk Analysis,
Risk Assessment,
Telecom & Utilities
Source:
Federal University of Santa Catarina

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Overview: Risk analysis and management of petroleum exploration ventures is growing worldwide and many international petroleum companies have improved their exploration performance by using principles of risk analysis in combination with new technologies This paper intends to show how two different methodologies, a Monte Carlo simulation method and a connectionist approach can be used to estimate the total time assessment in drilling and completion operations of oil wells in deep waters.

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Format: PDF | Size: 327KB | Date: Nov 2005 | Pages: 6

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