Systems and Methods For Reservoir Development and Management Optimization

A method comprising:

• providing a rigorous model for simulation of a behavior of interest of a hydrocarbon reservoir;
• providing a surrogate model corresponding to the rigorous model, wherein the surrogate model approximates the rigorous model and is adapted to utilize less computational resources than the rigorous model when modeling the behavior of interest;
• modeling the behavior of interest using the surrogate model;
• identifying one or more candidate optimization solutions using the surrogate model;
• modeling the behavior of interest using the rigorous model and the one or more candidate optimization solutions to provide an optimized solution for application to the behavior of interest;
• and
• outputting the optimized solution.

A computer program product having computer executable logic recorded on a tangible computer readable medium, the computer program product comprising:

• code for modeling a behavior of interest of a hydrocarbon reservoir using a surrogate model, the surrogate model corresponding to a rigorous model of the behavior of interest, wherein the surrogate model approximates the rigorous model and is adapted to utilize less computational resources than the rigorous model when modeling the behavior of interest;
• code for modeling the behavior of interest using the surrogate model;
• code for identifying one or more candidate optimization solutions provided by using the surrogate model;
• and
• code for simulating the behavior of interest using the rigorous model and the one or more candidate optimization solutions to provide an optimized solution for application to the behavior of interest.