Day 2 Tue, November 03, 2020 2020
DOI: 10.2118/200743-ms
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Optimizing Well Economic Limits Using Ensemble-Based Optimization on Olympus Field

Abstract: The Olympus field is an optimization case prepared by TNO to test different optimization methods and workflows for field development. The authors have joined the Olympus optimization challenges by solving various optimization problems for field development. Here, we consider the well control problem from a different perspective by using well economic limits as parameters to optimize the objective function - the Net Present Value (NPV). The Ensemble-based Optimization (EnOpt) method applied to th… Show more

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Cited by 4 publications
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References 21 publications
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