Application of Polynomial Chaos Expansion to Optimize Injection-Production Parameters under Uncertainty

Table 3

System properties.

Properties	Value	Properties	Value
Price of oil	60$/STB	Water density
Costs of water disposal	6$ (m^3)	Oil density
The annual discount rate	0.05	Water compressibility
Water viscosity		Oil compressibility
Oil viscosity		Rock compressibility
Costs of water injection	2$ (m^3)