Application of Case-Based Reasoning in cost estimation of drilling wells

【Author】

Hossein Shams Mianaei;Seyed Hossein Iranmanesh;Hamid Akbari;

【Abstract】

Costs estimation of drilling for new wells is one of the main concerns of active companies in this field.Since some of features of drilling can not be expressed quantitatively and there are many qualitative features in data of the available wells.So a method should be applied to use these data to estimate the desired and ideal output of project manager.The case based reasoning (CBR) method covers the qualitative data with regard to its nature.Using CBR method which is created based on the viewpoint of using presented solutions for previous solved problems in order to solve new similar problem save time and therefore speed of drilling is increased which it is very important,as regards available estimation methods spend the much time to estimate output which is cost of drilling wells in this case study.The results show that obtained estimation accuracy is high.

【Keywords】

Case Based Reasoning (CBR);Cost Estimation

References

To explore the background and basis of the node document

Springer Journals Database

Total: 4 articles

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