Intelligent optimization of flow control devices

A method for generating a well completion plan includes: evaluating a plurality of different well completion plans using a reservoir simulator to calculate dynamic flows of fluid through a subsurface formation, each well completion plan having a flow control device with location and associated flow setting or rating, and optionally a packer and location to provide output data for each well completion plan evaluation; developing a surrogate reservoir model using the output data and input data for each well completion plan evaluation; using intelligent sequential sampling of the output and input data for each well completion plan evaluation to provide intelligent sequential sampling data in response to the surrogate reservoir model not meeting a validation criterion; updating the surrogate reservoir model using the intelligent sequential sampling data; and iterating the using and the updating using a latest surrogate reservoir model until the latest surrogate reservoir model meets the validation criterion.