scholarly journals Enhanced oil recovery (EOR) project scheduling with multiobjective of maximum net present value and minimum makesapn

2022 ◽  
pp. 100339
Author(s):  
Dulian Zeqiraj
Keyword(s):  
Enhanced Oil Recovery ◽  
Oil Recovery ◽  
Project Scheduling ◽  
Net Present Value ◽  
Present Value

scholarly journals Techno-economic analysis of intermediate hydrocarbon injection on coupled CO2 storage and enhanced oil recovery

2020 ◽  
pp. 014459872092707 ◽  
Author(s):  
Jinhyung Cho ◽  
Moon S Jeong ◽  
Young W Lee ◽  
Hye S Lee ◽  
Kun S Lee
Keyword(s):  
Economic Evaluation ◽  
Economic Analysis ◽  
Enhanced Oil Recovery ◽  
Mole Fraction ◽  
Oil Recovery ◽  
Net Present Value ◽  
Geological Storage ◽  
Liquefied Petroleum Gas ◽  
Present Value ◽  
Oil Viscosity

This study proposes economic evaluation of CO2 geological storage with enhanced oil recovery. The procedures consider capital expenditures and operating costs of infrastructures and revenues from oil recovery and carbon tax credits. Extensive CO2 geological storage with enhanced oil recovery simulations was conducted to determine the most promising scenario among cases, where miscibility was controlled by the addition of liquefied petroleum gas. The addition of liquefied petroleum gas into a CO2 injection stream can accelerate reduction of oil viscosity, interfacial tension, and oil density, which cause improved displacement efficiency. The larger was the amount of liquefied petroleum gas injected, the greater was the miscibility due to minimum miscibility pressure reduction, resulting in higher oil recovery and less CO2 sequestration. Although liquefied petroleum gas addition enhances the performance of CO2 enhanced oil recovery, economic analysis should be conducted for CO2 geological storage with enhanced oil recovery due to the higher price of liquefied petroleum gas than that of CO2. Net present value decreased from liquefied petroleum gas mole fraction of 0–2% and started to increase from mole fraction 2–13% due to the miscibility effect. Then, net present value started to decrease, because the purchasing and injecting prices of the required liquefied petroleum gas exceeded that of the oil produced. Economic evaluation showed that addition of 13% liquefied petroleum gas was the most promising scenario, with a net present value of 91 MM$. Thus, we confirmed an optimum liquefied petroleum gas concentration in the CO2 geological storage with enhanced oil recovery process.

Undersaturated Hydrocarbon Reservoir Waterflooding: A simulation Approach to Performance Assessment

2021 ◽  
Author(s):  
Adekunle Tirimisiyu Adeniyi ◽  
Miracle Imwonsa Osatemple ◽  
Abdulwahab Giwa
Keyword(s):  
Oil Recovery ◽  
Net Present Value ◽  
Oil Production ◽  
Base Case ◽  
Present Value ◽  
Sweep Efficiency ◽  
Recovery Method ◽  
Solution Approach ◽  
Hydrocarbon Reservoir

Abstract There are a good numbers of brown hydrocarbon reservoirs, with a substantial amount of bypassed oil. These reservoirs are said to be brown, because a huge chunk of its recoverable oil have been produced. Since a significant number of prominent oil fields are matured and the number of new discoveries is declining, it is imperative to assess performances of waterflooding in such reservoirs; taking an undersaturated reservoir as a case study. It should be recalled that Waterflooding is widely accepted and used as a means of secondary oil recovery method, sometimes after depletion of primary energy sources. The effects of permeability distribution on flood performances is of concerns in this study. The presence of high permeability streaks could lead to an early water breakthrough at the producers, thus reducing the sweep efficiency in the field. A solution approach adopted in this study was reserve water injection. A reverse approach because, a producing well is converted to water injector while water injector well is converted to oil producing well. This optimization method was applied to a waterflood process carried out on a reservoir field developed by a two - spot recovery design in the Niger Delta area of Nigeria that is being used as a case study. Simulation runs were carried out with a commercial reservoir oil simulator. The result showed an increase in oil production with a significant reduction in water-cut. The Net Present Value, NPV, of the project was re-evaluated with present oil production. The results of the waterflood optimization revealed that an increase in the net present value of up to 20% and an increase in cumulative production of up to 27% from the base case was achieved. The cost of produced water treatment for re-injection and rated higher water pump had little impact on the overall project economy. Therefore, it can conclude that changes in well status in wells status in an heterogenous hydrocarbon reservoir will increase oil production.

scholarly journals Evaluation of an alkali-polymer flooding technique for enhanced oil recovery in Trinidad and Tobago

2020 ◽  
Vol 10 (8) ◽  
pp. 3947-3959
Author(s):  
Kyle Medica ◽  
Rean Maharaj ◽  
David Alexander ◽  
Mohammad Soroush
Keyword(s):  
Trinidad And Tobago ◽  
Enhanced Oil Recovery ◽  
Oil Recovery ◽  
Energy Demand ◽  
Xanthan Gum ◽  
Net Present Value ◽  
Flow Characteristics ◽  
Absorption Capacity ◽  
Polymer Flooding ◽  
Screening Criteria

Abstract Trinidad and Tobago (TT) is seeking to develop more economical methods of enhanced oil recovery to arrest the decline in crude oil production and to meet the current and future energy demand. The utilization of alkaline-polymer flooding to enhance oil recovery in TT requires key studies to be conducted to obtain critical information of the flooding system (soil type, additive type, pH, adsorption characteristics and rheological (flow) characteristics). Understanding the role of, interplay and optimizing of these variables will provide key input data for the required simulations to produce near realistic projections of the required EOR efficiencies. The parameters of various wells in TT were compared to the screening criteria for alkali-polymer flooding, and the EOR 4 well was found to be suitable and thus selected for evaluation. Laboratory adsorption studies showed that the 1000 ppm xanthan gum flooding solution containing 0.25% NaOH exhibited the lowest absorption capacity for the gravel packed sand and exhibited the lowest viscosity at all the tested shear rates. The lowest adsorption was 2.27 × 10−7 lbmole/ft3 which occurred with the 1000 ppm xanthan gum polymer containing 0.25% NaOH, and the evidence showed that the polymer was adsorbed on the other side of the faults, indicating that it has moved further and closer to the producing well. Implementation of an alkali polymer flooding resulted in an incremental increase in the recovery factors (~ 3%) compared to polymer flooding; however, a change in the oil recovery as a function of the alkaline concentration was not observed. The simulated economic analysis clearly shows that all the analysed EOR scenarios resulted in economically feasible outcomes of net present value (NPV), Internal Rate of Return (IRR) and payback period for oil price variations between $35 and $60 USD per barrel of oil. A comparison of the individual strategies shows that the alkali-polymer flood system utilizing 0.25% sodium hydroxide with 1000 ppm xanthan gum is the best option in terms of cumulative production, recovery factor, NPV, IRR and time to payback.

scholarly journals Compositional Modeling for Optimum Design of Water-Alternating CO2-LPG EOR under Complicated Wettability Conditions

2015 ◽  
Vol 2015 ◽  
pp. 1-9 ◽  
Author(s):  
Jinhyung Cho ◽  
Sung Soo Park ◽  
Moon Sik Jeong ◽  
Kun Sang Lee
Keyword(s):  
Interfacial Tension ◽  
Mole Fraction ◽  
Oil Recovery ◽  
Net Present Value ◽  
Numerical Study ◽  
Present Value ◽  
Compositional Simulation ◽  
Maximum Enhancement ◽  
Tension Reduction ◽  
Improved Oil Recovery

The addition of LPG to the CO2stream leads to minimum miscible pressure (MMP) reduction that causes more oil swelling and interfacial tension reduction compared to CO2EOR, resulting in improved oil recovery. Numerical study based on compositional simulation has been performed to examine the injectivity efficiency and transport behavior of water-alternating CO2-LPG EOR. Based on oil, CO2, and LPG prices, optimum LPG concentration and composition were designed for different wettability conditions. Results from this study indicate how injected LPG mole fraction and butane content in LPG affect lowering of interfacial tension. Interfacial tension reduction by supplement of LPG components leads to miscible condition causing more enhanced oil recovery. The maximum enhancement of oil recovery for oil-wet reservoir is 50% which is greater than 22% for water-wet reservoir. According to the result of net present value (NPV) analysis at designated oil, CO2, propane, and butane prices, the optimal injected LPG mole fraction and composition exist for maximum NPV. At the case of maximum NPV for oil-wet reservoir, the LPG fraction is about 25% in which compositions of propane and butane are 37% and 63%, respectively. For water-wet reservoir, the LPG fraction is 20% and compositions of propane and butane are 0% and 100%.

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