Recent progress on reservoir history matching: a review

History matching is a type of inverse problem in which observed reservoir behavior is used to estimate reservoir model variables that caused the behavior. Obtaining even a single history-matched reservoir model requires a substantial amount of effort, but the past decade has seen remarkable progress in the ability to generate reservoir simulation models that match large amounts of production data. Progress can be partially attributed to an increase in computational power, but the widespread adoption of geostatistics and Monte Carlo methods has also contributed indirectly. In this review paper, we will summarize key developments in history matching and then review many of the accomplishments of the past decade, including developments in reparameterization of the model variables, methods for computation of the sensitivity coefficients, and methods for quantifying uncertainty. An attempt has been made to compare representative procedures and to identify possible limitations of each.