scholarly journals SELECTION OF ALTERNATIVES FOR OIL FIELD DEVELOPMENT BY GENETIC ALGORITHMS

2002 ◽  
Vol 1 (2) ◽  
Author(s):  
Yvan J. Túpac ◽  
Marley Maria B.R. Vellasco ◽  
Marco Aurélio C. Pacheco
Keyword(s):  
Genetic Algorithm ◽  
Net Present Value ◽  
Oil Field ◽  
Oil Reservoir ◽  
Present Value ◽  
Field Development ◽  
Oil Field Development ◽  
The One ◽  
Genetic Algorithm Model ◽  
Selection Of

This paper presents a Genetic Algorithm application for selecting the best alternative for oil field development under certainty. The alternatives in this study are related to the arrangement of wells in a known and delimited oil reservoir and serve as a basis for calculating the net present value, which is used to assess the optimization process: the optimal alternative is the one that maximizes the Net Present Value of the field. The results obtained have revealed that the Genetic Algorithm model was able to find good alternatives for the oil field development, achieving good results for the Net Present Value.

scholarly journals SELECTION OF ALTERNATIVES FOR OIL FIELD DEVELOPMENT BY GENETIC ALGORITHMS

2002 ◽  
Vol 1 (2) ◽  
pp. 51 ◽  
Author(s):  
Yvan J. Túpac ◽  
Marley Maria B.R. Vellasco ◽  
Marco Aurélio C. Pacheco
Keyword(s):  
Genetic Algorithm ◽  
Net Present Value ◽  
Oil Field ◽  
Oil Reservoir ◽  
Present Value ◽  
Field Development ◽  
Oil Field Development ◽  
The One ◽  
Genetic Algorithm Model ◽  
Selection Of

This paper presents a Genetic Algorithm application for selecting the best alternative for oil field development under certainty. The alternatives in this study are related to the arrangement of wells in a known and delimited oil reservoir and serve as a basis for calculating the net present value, which is used to assess the optimization process: the optimal alternative is the one that maximizes the Net Present Value of the field. The results obtained have revealed that the Genetic Algorithm model was able to find good alternatives for the oil field development, achieving good results for the Net Present Value.

Diagnostic Plots for Production Decline During the Transition of Oil Field Development From Depletion to Water Injection

2021 ◽  
Author(s):  
Vil Syrtlanov ◽  
Yury Golovatskiy ◽  
Ivan Ishimov
Keyword(s):  
Water Injection ◽  
Simulation Models ◽  
Oil Field ◽  
Production Data ◽  
Oil Reservoir ◽  
Field Development ◽  
Well Production ◽  
Diagnostic Plots ◽  
Oil Field Development ◽  
Analytical Approaches

Abstract In this paper the simplified way is proposed for predicting the dynamics of liquid production and estimating the parameters of the oil reservoir using diagnostic curves, which are a generalization of analytical approaches, partially compared with the results of calculations on 3D simulation models and with actual well production data.

Economic Risk Analysis of Offshore Projects

1992 ◽  
Vol 114 (3) ◽  
pp. 165-174 ◽  
Author(s):  
E. M. Bitner-Gregersen ◽  
J. Lereim ◽  
I. Monnier ◽  
R. Skjong
Keyword(s):  
Net Present Value ◽  
Oil And Gas ◽  
Development Project ◽  
Oil Field ◽  
Economic Risk ◽  
Gas Field ◽  
Cost Overruns ◽  
Field Development ◽  
Project Assessment ◽  
Oil Field Development

A quantitative analysis of economic risk associated with large investments in offshore oil and gas field development and production is presented. The analysis is intended as a supporting tool in decision-making faced with uncertainty and risk, to study the effect of alternative decisions in an easy manner. The descriptors for the project assessment, such as the Internal Rate of Return (IRR) and Net Present Value (NPV) are applied. The study demonstrates first the impacts of early pilot production (EPP) prior to a main oil field development on the field economy of an oil field development and production installation. Furthermore, the result of cases which reflect relevant situations connected with cost overruns are presented, as well as derivation of rational decision criteria for termination/continuation of a project subjected to cost overruns. Finally, an oil field development project scheduling is demonstrated.

Study on the Methods of Layer Adjustment in Gas Dynamic Reserve Measurement

2013 ◽  
Vol 671-674 ◽  
pp. 142-145
Author(s):  
Yi Zhang ◽  
Bang Hua Liu ◽  
Qing Min Gan ◽  
Hai Xia Shi ◽  
Jun Feng Liu
Keyword(s):  
Material Balance ◽  
Oil Field ◽  
Linear Extrapolation ◽  
Field Development ◽  
Oil Field Development ◽  
Basic Work ◽  
Model Condition ◽  
Before And After ◽  
The One ◽  
Straight Lines

To get the accurate gas pool dynamic measurement is the one of the basic work of oil field development. The geologic conditions, one of the aspects, limited the gas pool. It often appears reshooting another layer to commingled production or block off the seriously water producer in layer adjustment, calculation of reserves depends on the alteration of the model condition. Through the material balance and its further work, set the gas pool reserves calculation methods under the layer adjustment condition. The closed constant volume gas pool, its drawdown curve becomes the transition with the adjustment of the layer. Through the original formation pressure with two different slope straight lines before and after adjustment, Using linear extrapolation can get the reserves before and after adjusted.

DEVELOPMENT OF THE IAGIFU-HEDINIA FIELD, PNG FOLD BELT: A MULTI-DISCIPLINARY RESERVOIR MANAGEMENT SUCCESS STORY

2000 ◽  
Vol 40 (1) ◽  
pp. 546
Author(s):  
J.J. Hebberger Jr. ◽  
S.P. Franklin ◽  
W.H. Uberawa ◽  
A.M.Pytte
Keyword(s):  
Seismic Data ◽  
Net Present Value ◽  
Reservoir Management ◽  
Oil Field ◽  
Fold Belt ◽  
Present Value ◽  
Success Story ◽  
Reserve Estimation ◽  
Field Development ◽  
Government Relations

Iagifu-Hedinia oil field was discovered in 1986 in the remote Highlands of PNG following a multi-year exploration effort. Exploration and subsequent field development of PNG's first petroleum export project were carried out without the aid of seismic data due primarily to the intense karst development in the area. Because of historically low oil prices and the remote and difficult environment, the decision to develop the field did not occur until late 1990. First oil was produced in June 1992, with successful development dependent upon an intense focus on cost management, land owner and government relations, and most critically an early commitment to active reservoir management by an empowered and multi-disciplinary reservoir management team (MDRM team). This MDRM team added as much as an incremental 70 MMBBL oil and US$240 million of net present value to the project. This resulted from its being given responsibility for reservoir characterisation, reserve estimation, economic analysis, and active reservoir management. At its core the team consisted of both petroleum engineers and earth scientists, but incorporated numerous other disciplines as they were needed. Key to this success was the support and endorsement of management to a truly empowered team.

scholarly journals MODERN METHODOLOGICAL POSSIBILITIES OF THE TRACER METHOD FOR ASSESSING THE COVERAGE OF AN OIL RESERVOIR BY FLOODING

2021 ◽  
Vol 21 ◽  
pp. 24-28
Author(s):  
D.A. Chernokozhev ◽  
◽  
K.I. Kuznetsova ◽  
R.R. Gazimov ◽  
A.S. Zasedatelev ◽  
...  
Keyword(s):  
Oil Field ◽  
Injection Well ◽  
Oil Reservoir ◽  
Tracer Method ◽  
Tracer Studies ◽  
Injection Wells ◽  
Reservoir Area ◽  
Field Development ◽  
Oil Field Development ◽  
Continuous Injection

The article presents the results of modeling tracer studies of the process of flooding of an oil reservoir. As a result of the studies, the dependences on the time of the change in the volume occupied by the injected water were obtained. Formulas are given that allow us to calculate the values of the coefficient of coverage of the reservoir area by flooding as a whole and the contribution of each injection well to flooding. The technology is implemented by continuously pumping the tracer into the injection well. Continuous injection of different tracers into different injection wells allows for operational monitoring of oil field development

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