Abu Dhabi International Petroleum Exhibition and Conference 2006
DOI: 10.2118/101556-ms
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Field Development Plan by Optioneering Process Sensitive to Reservoir and Operational Constraints and Uncertainties

Abstract: A revised Field Development Plan (FDP) for Betty Field was prepared based on a process that was simultaneously sensitive to reservoir and operational constraints and uncertainties. This so called "Optioneering" process was an iterative, multidisciplinary optimization task that generated an action plan based on multiple options developed by reservoir, production, drilling and facilities engineering and ranked by economics. The process specifically involved first generating a series of unconstrained production o… Show more

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Cited by 4 publications
(1 citation statement)
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“…A crucial step before considering the uncertainty handling mechanism is to improve the efficiency of the optimization method. Finally, an ideal field development plan should not only include recommendations for an optimum development strategy with an implementation plan for a given scenario, but also provide good estimates regarding the risks involved in executing the proposed plan [31].…”
Section: Introductionmentioning
confidence: 99%
“…A crucial step before considering the uncertainty handling mechanism is to improve the efficiency of the optimization method. Finally, an ideal field development plan should not only include recommendations for an optimum development strategy with an implementation plan for a given scenario, but also provide good estimates regarding the risks involved in executing the proposed plan [31].…”
Section: Introductionmentioning
confidence: 99%