All Days 2017
DOI: 10.2118/187467-ms
|View full text |Cite
|
Sign up to set email alerts
|

Benefits of Real-Time Production Optimization for a Complex Offshore Multi-Field Asset in Brazil

Abstract: Developing Oil & Gas assets requires planning production on multiple horizons: (1) the long-term production plan includes strategic decisions for technology and recovery strategies to maximize the Net Present Value (NPV) of the project, (2) the mid-term horizon includes the drilling program and reservoir depletion/injection rates and (3) the short-term optimization (real-time production optimization or RTPO) aims to maximize the usage of the existing facilities. In the case of RTPO, both subsurface and sur… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2

Citation Types

0
2
0

Year Published

2017
2017
2018
2018

Publication Types

Select...
1
1

Relationship

0
2

Authors

Journals

citations
Cited by 2 publications
(2 citation statements)
references
References 14 publications
0
2
0
Order By: Relevance
“…Without a decision support tool, a typical decision is taken based on (1) the field data (e.g. flow metering), (2) a limited number of parametric studies launched on simulators and (3) the production engineer experience [3]. A decision support tool leads to a more informed and robust decision-making process and ultimately to higher revenues for the operators, since it can evaluate numerous alternatives that could not be simulated manually.…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation
“…Without a decision support tool, a typical decision is taken based on (1) the field data (e.g. flow metering), (2) a limited number of parametric studies launched on simulators and (3) the production engineer experience [3]. A decision support tool leads to a more informed and robust decision-making process and ultimately to higher revenues for the operators, since it can evaluate numerous alternatives that could not be simulated manually.…”
Section: Introductionmentioning
confidence: 99%
“…The production engineer's experience still has a relative importance in the decision-making process: data validation, uncertainty management, exploring the operating envelope, instability control. Figure 1 shows how a short-term production optimization solution can be integrated in daily production operations: (1) data is acquired from the field, (2) production engineers validate the acquired data (3) models are updated to match field measurements, (4) the optimization algorithm is run iteratively by the operator (the operator can check the optimal solution against more detailed models and re-launch different optimization cases with more refined constraints) and (5) a decision is made and actions are finally taken on the production system [3]. Figure 1.…”
Section: Introductionmentioning
confidence: 99%