Improved decision making with new efficient workflows for well placement optimization

The proposed automated workflow is seamlessly integrated from building a simulation model to performing reservoir simulation and conducting the optimization process. The workflow is combined with novel engineering methods to identify best rewarding well location areas, and to identify strategies to maximize sweep efficiency through optimizing well placement and completion strategies resulting in substantial engineering time-savings. The power and utility of the proposed workflow are first demonstrated by a synthetic example and then applied to a full field model. Strategies to improve incremental oil recoveries were identified with a proposed novel, iterative and robust workflow.