SYSTEM AND METHOD FOR GENERATING A SCHEDULE TO EXTRACT A RESOURCE FROM A RESERVOIR

A system includes a schedule generator having one or more processors configured to obtain resource extraction parameters for extracting a resource from a reservoir. The resource extraction parameters include well creation parameters associated with drilling wellbores, well stimulation parameters associated with introducing fracturing fluid into the wellbores, and production parameters associated with extracting the resource through the wellbores. The schedule generator selects initial trial schedules having different values of the resource extraction parameters and receives initial resource output data generated by execution of the initial trial schedules with a designated reservoir model. The schedule generator generates a surrogate model based on the initial resource output data and the initial trial schedules and uses the surrogate model to perform iterations of selecting modified trial schedules until a predetermined condition is satisfied.