Risk Analysis Using Bootstrap in Combination with Inversion
J.H. Yu, M. Smith, W. Yang and N. Shah
Event name: 76th EAGE Conference and Exhibition 2014
Session: Tracking Uncertainty and Risk through the Integrated Workflow
Publication date: 16 June 2014
Info: Extended abstract, PDF ( 917.13Kb )
Price: € 20
We show in this paper a new approach to statistical risk analysis using the bootstrap method in conjunction with model based inversion. It is a posteriori approach combining the results of deterministic seismic inversion and rock physics analysis. It’s an effective and efficient way to manage drilling risk and uncertainty. We show an example from the Texas Gulf Coast and demonstrate its effectiveness.