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What is Monte Carlo Integration? Monte Carlo, is in fact, the name of the world-famous casino located in the eponymous district of the principality of Monaco on the world-famous French Riviera. It turns out that the casino inspired the minds of famous scientists to devise an intriguing mathematical technique for solving complex problems in statistics, numerical computing, and system simulation. One of the first and most famous uses of this technique was during the Manhattan Project when the chain-reaction dynamics in highly enriched uranium presented an unimaginably complex theoretical calculation to the scientists. Even the genius minds such as John Von Neumann, Stanislaw Ulam, and Nicholas Metropolis could not tackle it in the traditional way.
Copyright 2010, Society of Petroleum Engineers This paper was prepared for presentation at the SPE Asia Pacific Oil & Gas Conference and Exhibition held in Brisbane, Queensland, Australia, 18-20 October 2010. This paper was selected for presentation by an SPE program committee following review of information contained in an abstract submitted by the author(s). Contents of the paper have not been reviewed by the Society of Petroleum Engineers and are subject to correction by the author(s). The material does not necessarily reflect any position of the Society of Petroleum Engineers, its officers, or members. Electronic reproduction, distribution, or storage of any part of this paper without the written consent of the Society of Petroleum Engineers is prohibited. Permission to reproduce in print is restricted to an abstract of not more than 300 words; illustrations may not be copied. The abstract must contain conspicuous acknowledgment of SPE copyright. Abstract The Henry and Netherby gas fields are located in Victorian waters in South East Australia. They have been developed by extending the Casino production system which comprises two subsea wells in the Casino field producing by offshore and onshore pipelines to an onshore gas plant. The entire Henry and Netherby development is subsea, connecting to the Casino pipeline in 70 metres of water. During the Casino design, provisions were made for future extension of the production system.