Modeling and Simplicity: Occam’s Razor in the 21st Century
Recorded on March 21, 2013 (90 minutes)

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Since its introduction in the early 1950s numerical reservoir simulation has become the mainstay of reservoir engineering practice.   Indeed no major asset anywhere in the world has not been simulated, sometimes many times.   Such preponderance of usage obscures the fact that there remains a place for simpler models.

This presentation gives a brief review of the use of models in reservoir engineering.  It then reviews the use of simple (nonsimulation) models in current practice.  The latter falls into the category of “cogent” models (Bratvold and Bickel) that allow the execution of multiple simulations and thereby enables decision-making.

 

Larry W. Lake is a professor in the Department of Petroleum and Geosystems Engineering at The University of Texas at Austin.  He holds B.S.E and Ph.D. degrees in Chemical Engineering from Arizona State University and Rice University, respectively. Dr. Lake is the author or co-author of more than 100 technical papers, four textbooks and the editor of three bound volumes. He has served on the Board of Directors for the Society of Petroleum Engineers (SPE), won the 1996 Anthony F. Lucas Gold Medal of the AIME, the Degoyer Distinguished Service Award in 2002, and has been a member of the National Academy of Engineers since 1997