Abstract:The benefits of a multi-objective optimization approach embedding an accurate exergy model of a hydrocarbon production system are shown on a real oil and gas facility. The innovative tool developed is based on a biogenetical differential evolution algorithm, which exploits a self-adaptive iterative procedure to maximize the value of the Asset. The optimization integrates the production system considering the trade-off between hydrocarbon production, energy consumption and efficiency. The Asset value optimizati… Show more
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