Simulation of petroleum reservoir exploitation using planning variables
CA 2527855 C · Owner: Cullick, Alvin Stanley · Inventors: Cullick, Alvin Stanley; Wilson, Glenn E.; Narayanan, Keshav
Overview
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A system and method may be configured to support the evaluation of the economic impact of uncertainties associated with the planning of a petroleum production project, e.g. uncertainties associated with decisions having multiple possible outcomes and uncertainties associated with uncontrollable parameters such as rock properties, oil prices etc. The system and method , involve receiving user input characterizing the uncertainty of planning variables and performing an iterative simulation that computes the economic return for various possible instantiations of the set of planning variables based on the uncertainty characterization. The system and method may (a) utilize and integrate …
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Listed from its CIPO record in Patent Yard's archive of Canadian patents past their term. Its claims, description and drawings are in the CIPO record and on Google Patents, and the Claude kit works from them.
Why it's free to use
- Filed April 28, 2004 and granted July 13, 2021. A Canadian patent filed from October 1, 1989 lasts 20 years from filing, so its term ended April 28, 2024.
- A certificate of supplementary protection adds at most two years for a drug, so even that would have ended by April 28, 2026.
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