All Days 2016
DOI: 10.2118/182803-ms
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A Cost-Effective Method to Maximize the Hydrocarbon Recovery by Optimizing the Vertical Well Placements through the Simulation Opportunity Index

Abstract: During periods of low oil prices, profitability of field developments drops drastically. To help with this difficulty, we offer a cost-effective method of boosting hydrocarbon recovery by optimizing well locations. A new software program has been developed to optimize vertical well placements based on the Simulated Opportunity Index (SOI). SOI is an intelligent method to identify zones with high potential for production. The production potential of an oil & gas field area is empirically calc… Show more

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Cited by 3 publications
(1 citation statement)
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“…At present, the productivity analysis of deviated and horizontal wells, the determination of a reasonable working system, and the design of lifting technology [16][17][18][19][20] are mainly based on a series of Vogel IPR equations under different well inclination angles proposed by Cheng in 1990 [21] on the basis of reservoir numerical simulations. It is not clear whether other commonly used IPR equations, such as the Vogel equation (derived in 1968, 2012) [22][23][24], the Klins-Majcher equation (derived in 1989) [25], the Bendakhlia-Aziz equation (derived in 1989) [26], and the Wiggins-Russell-Jennings equation (derived in 1992) [27] (listed in Table 1), can be used for the productivity evaluations of inclined or horizontal wells.…”
Section: Introductionmentioning
confidence: 99%
“…At present, the productivity analysis of deviated and horizontal wells, the determination of a reasonable working system, and the design of lifting technology [16][17][18][19][20] are mainly based on a series of Vogel IPR equations under different well inclination angles proposed by Cheng in 1990 [21] on the basis of reservoir numerical simulations. It is not clear whether other commonly used IPR equations, such as the Vogel equation (derived in 1968, 2012) [22][23][24], the Klins-Majcher equation (derived in 1989) [25], the Bendakhlia-Aziz equation (derived in 1989) [26], and the Wiggins-Russell-Jennings equation (derived in 1992) [27] (listed in Table 1), can be used for the productivity evaluations of inclined or horizontal wells.…”
Section: Introductionmentioning
confidence: 99%