METHOD FOR HISTORY MATCHING AND UNCERTAINTY QUANTIFICATION ASSISTED BY GLOBAL OPTIMIZATION TECHNIQUES UTILIZING PROXIES

A method for forecasting production from a hydrocarbon producing reservoir, the method includes defining an objective function and characteristics of a history-matched model of a reservoir and acceptable error E. At least one geological realization of the reservoir is created representing a probable geological setting. For each geological realization, a global optimization technique is used to perform history matching in a series of iterative steps to obtain acceptable models. Production of the reservoir is forecasted based upon simulation runs of the respective models.