RISK REDUCTION WITH A FUZZY EXPERT EXPLORATION TOOL

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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 ... continued below

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118 pages

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Balch, Robert October 15, 2003.

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Description

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 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 ninth of ten semi-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 March 2003 through September 2003 period was directed toward Silurian-Devonian geology, development of rules for the fuzzy system, and on-line software.

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118 pages

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OSTI as DE00822909

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  • Other Information: PBD: 15 Oct 2003

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  • Report No.: NONE
  • Grant Number: AC26-99BC15218
  • DOI: 10.2172/822909 | External Link
  • Office of Scientific & Technical Information Report Number: 822909
  • Archival Resource Key: ark:/67531/metadc785554

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  • October 15, 2003

Added to The UNT Digital Library

  • Dec. 3, 2015, 9:30 a.m.

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  • Jan. 3, 2017, 1:13 p.m.

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Balch, Robert. RISK REDUCTION WITH A FUZZY EXPERT EXPLORATION TOOL, report, October 15, 2003; United States. (digital.library.unt.edu/ark:/67531/metadc785554/: accessed October 21, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.