Field development planning using reservoir models is a key step in the field development process. Numerical optimization of specific field development strategies is often used to aid planning, and Bayesian Optimization is a popular optimization method that has been applied in the past.

The Reykjanes reservoir, lying in a volcanic environment in Iceland, is assumed to contain supercritical fluids, whose energy content is about ten times higher than conventional geothermal systems. Drilling a well in this environment has to cope with very high temperature and pressure as well as an intensely fractured subsurface. A detailed well design can help minimize the likelihood of drilling and completion problems that could compromise the success of the project.

Meet our experts at the leading multidisciplinary geoscience and engineering event in Europe, and learn how AspenTech® Subsurface Science & Engineering is helping companies like yours. The show will focus on energy security and independence, a sustainable energy transition, and how we all need to adapt our traditional ways of working and cooperation to address an uncertain future.

Aspen Big Loop™ is an open ecosystem for setting up automated, reproducible and auditable subsurface workflows. The workflows help propagate uncertainties and capture their dependencies while calibrating reservoir models to observed data. The result is reliable probabilistic predictions.