Technology
In the final part of this three-part series, we extend our learning of Part 2 to the multivariate model and train a single model to predict three outcomes: oil, gas, and water.
This article focuses on the introduction of one of the flow-network-based models called GPSNet that has growing popularity in the literature and shows promising results during our proof-of-concept applications.
In Part 2 of this three-part series, we dive into a practical example using the production data of Equinor’s Volve field data set.
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Being the academic arm of oil and gas exploration and production, petroleum engineering R&D is expected to drive the frontier in petroleum technology. This article identifies and elaborates on five fundamental technological R&D challenges in today’s upstream petroleum industry.
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The oil and gas industry is transforming. It is vital to look at how traditional E&P companies are reforming themselves for the future energy corridor.
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Jet pumps are low-cost items in any application, compared with alternative boosting systems, and can be used effectively to maximize the production performance.
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A generic, multi-purpose reservoir simulator is a tool that every petroleum engineering graduate should have in his or her arsenal. This article overviews the main features a basic reservoir simulation program combines, all doable through a few hundred lines-of-code, regardless of the preferred coding language.
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Can we extract more value from our models? The answer lies in the tools we use and in our approach to modeling.
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SPE is accepting applications for its annual Energy Startup Competition. The deadline for applications is 2 July.
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Fourteen technologies from 14 companies around the world were selected, including five companies receiving small business recognition.
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To develop improved predictive models of complex real-world problems, one needs to pursue a balanced perspective. Ultimately, the physics we know needs to rely on data to unmask the physics that we do not yet know.
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Traditional solutions do not solve the problem of flaring. The large amount of power produced at the well pads using power generators or turbines may be utilized by heavy duty equipment or some other type of a large electric consumer—Bitcoin.
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Geothermal energy is arguably the most renewable and abundant form of energy on the planet. So why is it that less than 1% of the world is currently powered by geothermal energy?