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Evaluating the static volume potential of a field from a single geological reservoir model can be a risky business. Each piece of input data used to build the model carries an uncertainty that is not expressed in a single deterministic realization. In evaluating the technical and economic feasibility of drilling a new production well on the StatoilHydro operated Glitne Field, a quantified assessment of the range in expected volumes was undertaken. A geological uncertainty study was initiated to identify and quantify the input parameters of greatest impact on static volumetric uncertainty in the reservoir model and to identify potential...

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