SPE Eastern Regional Meeting 2006
DOI: 10.2118/104535-ms
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Optimal Well-Testing Strategy for Production Optimization: A Monte Carlo Simulation Approach

Abstract: TX 75083-3836 U.S.A., fax 01-972-952-9435. AbstractWell testing may be performed to support many decisions including ones related to production optimization of an oil production system. In production optimization information such as gas oil ratio and water cut/water oil ratio is used to decide on, for example, which wells to prioritize for choking back/opening to avoid over-/underutilization of the production capacity. Since the reservoir properties change with time, the uncertainties of their estimated values… Show more

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Cited by 9 publications
(1 citation statement)
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“…Handling uncertainty has been identified as a key challenge in real‐time optimization of oil and gas production . Monte Carlo simulations have been previously used by Bieker et al, to analyze the uncertainty in production optimization. Bieker et al also mention that the uncertainty in production optimization should be related to the production profit.…”
Section: Optimization For Oil and Gas Production Process Considering mentioning
confidence: 99%
“…Handling uncertainty has been identified as a key challenge in real‐time optimization of oil and gas production . Monte Carlo simulations have been previously used by Bieker et al, to analyze the uncertainty in production optimization. Bieker et al also mention that the uncertainty in production optimization should be related to the production profit.…”
Section: Optimization For Oil and Gas Production Process Considering mentioning
confidence: 99%