Title
Model-based workflows for optimal long-term reservoir mangement
Author
Leeuwenburgh, O.
Egberts, P.
Chitu, A.
Wilschut, F.
Publication year
2014
Abstract
Life-cycle optimization is the process of finding field operation strategies that aim to optimize recovery or economic value with a long-term (years to decades) horizon. A reservoir simulation model is therefore generally appropriate and sufficient to explore the impact of different recovery scenarios. A number of challenges arise when trying to determining the optimal recovery strategy. We describe a practically feasible model-based optimization workflow that addresses complications associated with computational effort, large numbers of decision variables (controls), and the uncertainty in the properties of the reservoir. A software tool has been developed, in cooperation with industry partners, and applied to several synthetic and real field cases to demonstrate the value and potential benefits of this workflow, such as optimal well operating strategies for multiple wells that increase recovery or economic value, improved well design, and reservoir understanding.
Subject
Earth / Environmental
PG - Petroleum Geosciences
ELSS - Earth, Life and Social Sciences
Geological Survey Netherlands
Geosciences
Energy / Geological Survey Netherlands
Computer simulation
Recovery
Computational effort
Decision variables
Economic values
Model based optimization
Operating strategy
Optimal recovery
Potential benefits
Reservoir simulation model
Economic and social effects
To reference this document use:
http://resolver.tudelft.nl/uuid:63fdc20d-d36f-4cc1-97b2-9a26b492b0e8
TNO identifier
516498
Publisher
EAGE Publishing BV
ISBN
9781632666956
Source
76th EAGE Conference and Exhibition 2014, 16 June 2014 through 19 June 2014, Amsterdam, 207-209
Document type
conference paper