Proceedings of Abu Dhabi International Petroleum Exhibition and Conference 2006
DOI: 10.2523/101556-ms
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Field Development Plan by Optioneering Process Sensitive to Reservoir and Operational Constraints and Uncertainties

Abstract: TX 75083-3836, U.S.A., fax 01-972-952-9435. AbstractA 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 fir… Show more

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“…It plays a crucial role in the development to select an appropriate developing plan. 1,2 However, there always exist uncertainties when evaluating the development plans because of the limit, the subjectivity of human beings, and the uncertainties of the system itself. Thus, it is necessary to find a synthetic method to evaluate and optimize the oilfield development plans, which can deal with the uncertainties.…”
Section: Introductionmentioning
confidence: 99%
“…It plays a crucial role in the development to select an appropriate developing plan. 1,2 However, there always exist uncertainties when evaluating the development plans because of the limit, the subjectivity of human beings, and the uncertainties of the system itself. Thus, it is necessary to find a synthetic method to evaluate and optimize the oilfield development plans, which can deal with the uncertainties.…”
Section: Introductionmentioning
confidence: 99%
“…Cullick et al 4 worked on development on optimal well locations by using automated well planner. Kasap et al 5 applied "Optioneering" process to arrive at an optimized FDP for an offshore field having multiply stacked, light oil, rim reservoirs.…”
Section: Introductionmentioning
confidence: 99%