Model-based workflows for optimal long-term reservoir mangement
conference paper
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.
Topics
TNO Identifier
516498
ISBN
9781632666956
Publisher
EAGE Publishing BV
Source title
76th EAGE Conference and Exhibition 2014, 16 June 2014 through 19 June 2014, Amsterdam
Pages
207-209
Files
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