Method of performing integrated fracture and reservoir operations for multiple wellbores at a wellsite

A method of performing oilfield operations at a wellsite, the wellsite positioned about a subterranean formation having multiple wellbores therethrough and a fracture network therein, the fracture network comprising natural fractures, the method comprising:

• collecting wellsite data comprising microseismic events and a mechanical earth model;
• generating fracture parameters comprising a hydraulic fracture network of a fracture grid for each of the multiple wellbores based on the wellsite data;
• generating reservoir parameters comprising an updated mechanical earth model of a reservoir grid based on the wellsite data and the fracture parameters;
• generating integrated wellsite parameters comprising an integrated earth model by gridding the fracture grid of the multiple wellbores with the reservoir grid;
• and
• performing production operations at the multiple wellbores based on the integrated wellsite parameters.

A method of performing oilfield operations at a wellsite, the wellsite positioned about a subterranean formation having multiple wellbores therethrough and a fracture network therein, the fracture network comprising natural fractures, the method comprising:

• collecting wellsite data comprising microseismic events and a mechanical earth model;
• generating fracture parameters for each of the multiple wellbores based on the wellsite data;
• generating reservoir parameters comprising an updated mechanical earth model based on the wellsite data and the fracture parameters;
• integrating the updated mechanical earth model by integrating the fracture parameters from the multiple wellbores with the updated mechanical earth model;
• generating integrated wellsite parameters based on the updated mechanical earth model;
• designing fracture operations based on the integrated wellsite parameters;
• and
• fracturing the wellsite according to the designed fracture operations.