All Days 2009
DOI: 10.2118/129512-stu
|View full text |Cite
|
Sign up to set email alerts
|

Use of Proxy Models in the Selection of Production Strategy and Economic Evaluation of Petroleum Fields

Abstract: The traditional process of production strategy demands a high number of simulations due to the high number of variables and possibilities, causing sub-optimal results; while an automatic process can mitigate this problem but the computational effort increases as a result of the number of simulations generated in the process. Thus, the objective of this work is an attempt of application of proxy models in the production strategy and in the economic evaluation in petroleum fields, allowing to d… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1

Citation Types

0
13
0

Year Published

2010
2010
2023
2023

Publication Types

Select...
3
1
1

Relationship

0
5

Authors

Journals

citations
Cited by 17 publications
(13 citation statements)
references
References 0 publications
0
13
0
Order By: Relevance
“…The different between total output and total input is the net income. When net income reaches the maximal value, optimal benefits could be obtained [4], and then the corresponding well spacing density is the rational well spacing density. While total output equal to total input, that is to say the net income equals zero, the correspoding well spacing density is the critical well spacing density [5].…”
Section: An Economic Evaluation Model Of Rational Well Spacing Dmentioning
confidence: 99%
“…The different between total output and total input is the net income. When net income reaches the maximal value, optimal benefits could be obtained [4], and then the corresponding well spacing density is the rational well spacing density. While total output equal to total input, that is to say the net income equals zero, the correspoding well spacing density is the critical well spacing density [5].…”
Section: An Economic Evaluation Model Of Rational Well Spacing Dmentioning
confidence: 99%
“…Although simulation is a helpful tool to understand and determine the efficiency of different production scenarios, in most cases, it could be a time-consuming and consequently costly process. [9,10] Therefore, the proxy models were introduced as a substitute or a help for these simulations. A proxy model is defined as a mathematical or statistical function that can reproduce a simulation output as a function of the input variables.…”
Section: Introductionmentioning
confidence: 99%
“…Usually they are represented as multilayer neural networks that are feed-forward. [14] Although numerous researchers tried to use proxy models along with or instead of using a full simulation, [9,15,16] to our knowledge, the concept of using a proxy model instead of integrated modelling has never been a subject of study. Therefore, this study aims to use a neuro-fuzzy logic network as a model to replace a timeconsuming and costly integrated field simulation.…”
Section: Introductionmentioning
confidence: 99%
See 2 more Smart Citations