SPE Annual Technical Conference and Exhibition 2013
DOI: 10.2118/166161-ms
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Effective Method for Field Development Optimization and Its Application in Gulf of Mexico Oil Field

Abstract: An effective method is proposed for the solution of field development evaluation and optimization problems with categorical decision variables and subsurface uncertainties. Multiple reservoir models are applied for the representation of the subsurface uncertainties. A selected percentile of hydrocarbon recovery or an economic indicator (e.g. recovery factor, total recovery, or Net Present Value (NPV)) is maximized. The software package was developed for optimizing selections of: depletion scheme (e.g., primary… Show more

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Cited by 5 publications
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“…These approaches use optimization methods to maximize the oil recovery for reservoirs under waterflooding stage. It can be found applications implemented in the Gulf of México [1][2][3] solving nonlinear programming problems, or methodologies similar to the work proposed by Jansen et al [4] which include a regulatory layer and history matching by using Ensemble Kalman Filter. The two-level closed Loop Reservoir Control strategy is detailed in works developed by Van Essen et al [5], A. Razapour [6] and E. Gildin [7].…”
Section: Introductionmentioning
confidence: 99%
“…These approaches use optimization methods to maximize the oil recovery for reservoirs under waterflooding stage. It can be found applications implemented in the Gulf of México [1][2][3] solving nonlinear programming problems, or methodologies similar to the work proposed by Jansen et al [4] which include a regulatory layer and history matching by using Ensemble Kalman Filter. The two-level closed Loop Reservoir Control strategy is detailed in works developed by Van Essen et al [5], A. Razapour [6] and E. Gildin [7].…”
Section: Introductionmentioning
confidence: 99%