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Title: RISK REDUCTION WITH A FUZZY EXPERT EXPLORATION TOOL

Abstract

Incomplete or sparse information on types of data such as geologic or formation characteristics introduces a high level of risk for oil exploration and development projects. ''Expert'' systems developed and used in several disciplines and industries have demonstrated beneficial results. A state-of-the-art exploration ''expert'' tool, relying on a computerized database and computer maps generated by neural networks, is being developed through the use of ''fuzzy'' logic, a relatively new mathematical treatment of imprecise or non-explicit parameters and values. Oil prospecting risk can be reduced with the use of a properly developed and validated ''Fuzzy Expert Exploration (FEE) Tool.'' This FEE Tool can be beneficial in many regions of the U.S. by enabling risk reduction in oil and gas prospecting as well as decreased prospecting and development costs. In the 1998-1999 oil industry environment, many smaller exploration companies lacked the resources of a pool of expert exploration personnel. Downsizing, low oil prices, and scarcity of exploration funds have also affected larger companies, and will, with time, affect the end users of oil industry products in the U.S. as reserves are depleted. The pool of experts is much reduced today. The FEE Tool will benefit a diverse group in the U.S., leadingmore » to a more efficient use of scarce funds, and possibly decreasing dependence on foreign oil and lower product prices for consumers. This fourth of five annual reports contains a summary of progress to date, problems encountered, plans for the next year, and an assessment of the prospects for future progress. The emphasis during the April 2002 through March 2003 period was directed toward Silurian-Devonian geology, development of rules for the fuzzy system, and on-line software.« less

Authors:
Publication Date:
Research Org.:
New Mexico Institute of Mining and Technology (US)
Sponsoring Org.:
(US)
OSTI Identifier:
824681
DOE Contract Number:  
AC26-99BC15218
Resource Type:
Technical Report
Resource Relation:
Other Information: PBD: 15 Apr 2003
Country of Publication:
United States
Language:
English
Subject:
02 PETROLEUM; 99 GENERAL AND MISCELLANEOUS//MATHEMATICS, COMPUTING, AND INFORMATION SCIENCE; EXPLORATION; GEOLOGY; NEURAL NETWORKS; PROSPECTING; PETROLEUM DEPOSITS; EXPERT SYSTEMS; FUZZY LOGIC

Citation Formats

Robert Balch. RISK REDUCTION WITH A FUZZY EXPERT EXPLORATION TOOL. United States: N. p., 2003. Web. doi:10.2172/824681.
Robert Balch. RISK REDUCTION WITH A FUZZY EXPERT EXPLORATION TOOL. United States. doi:10.2172/824681.
Robert Balch. Tue . "RISK REDUCTION WITH A FUZZY EXPERT EXPLORATION TOOL". United States. doi:10.2172/824681. https://www.osti.gov/servlets/purl/824681.
@article{osti_824681,
title = {RISK REDUCTION WITH A FUZZY EXPERT EXPLORATION TOOL},
author = {Robert Balch},
abstractNote = {Incomplete or sparse information on types of data such as geologic or formation characteristics introduces a high level of risk for oil exploration and development projects. ''Expert'' systems developed and used in several disciplines and industries have demonstrated beneficial results. A state-of-the-art exploration ''expert'' tool, relying on a computerized database and computer maps generated by neural networks, is being developed through the use of ''fuzzy'' logic, a relatively new mathematical treatment of imprecise or non-explicit parameters and values. Oil prospecting risk can be reduced with the use of a properly developed and validated ''Fuzzy Expert Exploration (FEE) Tool.'' This FEE Tool can be beneficial in many regions of the U.S. by enabling risk reduction in oil and gas prospecting as well as decreased prospecting and development costs. In the 1998-1999 oil industry environment, many smaller exploration companies lacked the resources of a pool of expert exploration personnel. Downsizing, low oil prices, and scarcity of exploration funds have also affected larger companies, and will, with time, affect the end users of oil industry products in the U.S. as reserves are depleted. The pool of experts is much reduced today. The FEE Tool will benefit a diverse group in the U.S., leading to a more efficient use of scarce funds, and possibly decreasing dependence on foreign oil and lower product prices for consumers. This fourth of five annual reports contains a summary of progress to date, problems encountered, plans for the next year, and an assessment of the prospects for future progress. The emphasis during the April 2002 through March 2003 period was directed toward Silurian-Devonian geology, development of rules for the fuzzy system, and on-line software.},
doi = {10.2172/824681},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2003},
month = {4}
}