Article ID Journal Published Year Pages File Type
8127245 Journal of Petroleum Science and Engineering 2013 14 Pages PDF
Abstract
The Sequential Approximate Optimization (SAO) strategy is used to solve the problem as a sequence of local problems. A trust region based framework is employed to adaptively update the design variable space for each local optimization. Sequential Quadratic Programming (SQP) is the algorithm of choice for the local problems. For illustrative purposes two reservoir problems are presented. The first is a small problem, with three wells, used to tune algorithmic parameters. The second is a medium sized reservoir, with 12 wells, used to demonstrate the potentials of the proposed method. The technique proved to be accurate and its performance confirms the efficient regularization of simulator numerical noise. It was successful in identifying wells that should be late started or shut-in before the end of the concession period and in handling different kinds of production strategies. Increase in operation flexibility resulted in NPV improvement. Cycle duration variables proved to be useful in decreasing the number of design variables while maintaining recovery efficiency.
Related Topics
Physical Sciences and Engineering Earth and Planetary Sciences Economic Geology
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