(n.) Reservoir Characterization. The use of Monte Carlo risk analysis techniques to estimate the most probable outcomes from a model with uncertain input data and to estimate the validity of the simulated model. See: Monte Carlo risk analysis
Schlumberger Ltd. (The World's Leading Supplier Of Technology, Integrated Project Management And Information Solutions to Customers Working in The Oil and Gas Industry Worldwide), Schlumberger Oilfield Glossary Cedex, France 2014. http://www.glossary.oilfield.slb.com/en/Terms/sym/ a.aspx, (Ergo - Brit) {766}