Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
9826518 | Journal of Petroleum Science and Engineering | 2005 | 13 Pages |
Abstract
The main challenge of oil displacement by an injected fluid, such as in Enhanced Oil Recovery (EOR) processes, is to reduce the cost and improve reservoir performance. An optimization methodology, combined with an economic model, is implemented into an expert system to optimize the net present value of full field development with an EOR process. The approach is automated and combines an economic package and existing numerical reservoir simulators to optimize the design of a selected EOR process using sensitivity analysis. The EOR expert system includes three stages of consultations: (1) select an appropriate EOR process on the basis of the reservoir characteristics, (2) prepare appropriate input data sets to design the selected EOR process using existing numerical simulators, and (3) apply the discounted-cash-flow methods to the optimization of the selected EOR process to find out under what conditions at current oil prices this EOR process might be profitable. The project profitability measures were used as the decision-making variables in an iterative approach to optimize the design of the EOR process. The economic analysis is based on the estimated recovery, residual oil in-place, oil price, and operating costs. Two case studies are presented for two reservoirs that have already been produced to their economic limits and are potential candidates for surfactant/polymer flooding, and carbon-dioxide flooding, respectively, or otherwise subject to abandonment. The effect of several design parameters on the project profitability of these EOR processes was investigated.
Keywords
Related Topics
Physical Sciences and Engineering
Earth and Planetary Sciences
Economic Geology
Authors
Ridha Gharbi,