Epistemy

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City: Edinburgh

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Country: United Kingdom

Raven is a software tool produced by Epistemy Ltd. Raven combines artificial intelligence and optimisation algorithms into a tool-set that supports History Matching, Forecasting and Development Optimisation under uncertainty for oil and gas problems. The tool-set has been tuned through years of research in the Uncertainty Project and designed in conjunction with the Intelligent System Lab at Heriot-Watt University. The Uncertainty Project is an ongoing research project that investigates the best ways to history match reservoir models and from those history matches produce accurate estimates of risk and uncertainty in predictions of future oil production/reserves. With over 60 publications, including 13 journal publications and 4 book chapters on the subject, the Uncertainty Project is one of the leading groups worldwide on uncertainty quantification. The Intelligent Systems Lab draws on inspiration from nature, and develops new approaches to intelligent systems via exploring new interactions and interfaces between machine learning, optimisation and complexity science.

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