The Monte Carlo simulation estimates the probability of different outcomes in a process that cannot easily be predicted because of the potential for random variables.

Reservoir simulation is the physics-based, numerical prediction of subsurface fluid flow used to design field development and optimize production over the asset life. 2.1 Corner-point or unstructured ...

Reservoir simulation is the decision engine of field development planning (FDP). It converts geology, fluids, and well/facility concepts into production and injection forecasts to select, optimize, ...