The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 06, 2011
Filed:
Jul. 30, 2008
Michael Prange, Somerville, MA (US);
William J. Bailey, Somerville, MA (US);
Benoit Couet, Belmont, MA (US);
Hugues Djikpesse, Cambridge, MA (US);
Michael A. Elliott, Boston, MA (US);
Michael Prange, Somerville, MA (US);
William J. Bailey, Somerville, MA (US);
Benoit Couet, Belmont, MA (US);
Hugues Djikpesse, Cambridge, MA (US);
Michael A. Elliott, Boston, MA (US);
Schlumberger Technology Corporation, Sugar Land, TX (US);
Abstract
The invention relates to a method of performing an oilfield operation of an oilfield having at least one well having a wellbore penetrating a subterranean formation for extracting fluid from an underground reservoir therein. The method steps include analyzing the oilfield operation to generate a decision tree comprising a first decision and a second decision, wherein a first outcome of the first decision dictates acquiring information relevant to the second decision, formulating a figure of merit of the oilfield operation according to the decision tree based on the information and uncertainties associated with the oilfield, determining a value of the figure of merit by modeling the oilfield operation using statistical sampling, and performing the oilfield operation upon making the first decision based on the value of the figure of merit.