IRESC The Berkeley Initiative in Soft Computing Electrical Engineering and Computer Sciences Department
IRESC^(RM): Intelligent Reservoir Characterization and Risk Managment Welcome to the BISC “Welcome to the BISC: with over 5,000 members worldwide and growing and five main programs 1)PNL-CWP-Theory and Foundation 2) FLINT-Internet, 3) BISC-DSS-Decision Analysis, 4 ) IRESC-Reservoir Characterization, and 5) CIBI- BioInformatics ” “Intelligent Reservoir Modeling for Optimized Asset Management & Decision Making” Selected Publications and Projects Motivation This document describes the need for an initiative in reservoir modeling and management based on two main motivations: Ø A recent decline in recovery factors and reserve replacement ratios, combined with a volatile oil market and a steady rise in world oil production which emphasize the need for risk and uncertainty management in oil exploration and production. Ø An ever-increasing need to improve necessary technology that provides an efficient solution to modeling, understanding, analyzing and managing uncertainty and risk in oil exploration and production. Such improvements are required in both the Business related issues and Earth Sciences areas. As a result, reservoirs with growing geological and economical challenges are currently being explored and produced. This requires application of new technologies and intelligent data and knowledge integration methods to achieve necessary efficiency and E&P cost reduction. While the technological expertise of each component (geology, geophysics, reservoir engineering) becomes increasingly interrelated, there is a need for better integration of different components into a comprehensive reservoir model, adequately capturing the uncertainty on key strategic reservoir parameters. The uncertainty quantification on such key parameters is required in any type of decision analysis. Optimized for Web browsers Version 5+. For optimal display use resolution-mode of 1600x1200 dpi. JavaScript and style sheets should be enabled in your browser. Copyright© M. Nikravesh, 2006	Ø IRESC Homepage Ø IRESC NEWS Ø Upcoming Events Ø IRESC Projects Ø IRESC Research Team Ø Join IRESC Ø Download Software Ø Ø IRESC History Ø IRESC Objectives Ø IRESC Mission Ø IRESC Organization Ø IRESC Associates Ø IRESC Funding Ø IRESC Committees Ø Ø Who’s Who IRESC Ø Publish Your Ideas in IRESC Ø IRESC Global Ø IRESC Seminars Ø IRESC Resources Ø A Glimpse into the Future Ø BISC Program Ø FLINT Program Ø BISC-DSS Program Ø IFSA-FLINT 2007 BISC- BEARS’06 BISC- CITRIS-Europe‘06 Presentation at CITRIS-Europe’06 IRESC Document BISC Special Event 2005 FORGING NEW FRONTIERS 40th of Fuzzy Pioneers BISCSE’05 Presentations BISCSE’05 Pictures
	Address: 199MF Cory Hall BISC Program Department of EECS  University of California, Berkeley - CA 94720 Phone: (510) 643-4522 Fax: (510) 643-4519 Fax: (510) 642-5775
Fuzzy Set: 1965 … Fuzzy Logic: 1973 … BISC: 1990 … Human-Machine Perception: 2000 - …