2016
DOI: 10.1177/0144598716680307
|View full text |Cite
|
Sign up to set email alerts
|

An efficient approach for optimizing full field development plan using Monte-Carlo simulation coupled with Genetic Algorithm and new variable setting method for well placement applied to gas condensate field in Vietnam

Abstract: This paper presents an efficient technique to optimize a gas condensate field development plan under economic uncertainties. Many studies have been conducted to optimize development plan but mostly limited to oil field under fixed economic environments and required huge number of simulation runs. It is proved that black oil model can be a reasonable alternative of compositional model to complete field development optimization within acceptable period when reservoir pressure is higher enough than dew point pres… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
4
1

Citation Types

0
4
0

Year Published

2018
2018
2024
2024

Publication Types

Select...
7

Relationship

0
7

Authors

Journals

citations
Cited by 9 publications
(6 citation statements)
references
References 17 publications
(23 reference statements)
0
4
0
Order By: Relevance
“…Besides, the training period of SVM is long. For the large-size problems, the large amount of computation time should be reserved (Cao and Tay, 2003; Jun et al., 2017). Fortunately, two algorithms (i.e.…”
Section: Model Structurementioning
confidence: 99%
“…Besides, the training period of SVM is long. For the large-size problems, the large amount of computation time should be reserved (Cao and Tay, 2003; Jun et al., 2017). Fortunately, two algorithms (i.e.…”
Section: Model Structurementioning
confidence: 99%
“…Gas condensate reservoirs are different from the conventional reservoir systems; when the gas condensate reservoir pressure drops below the dew point pressure, the heavy components of the condensate gas begin to condense and become the liquid phase [5][6][7][8]. Therefore, liquid condensate will accumulate near the wellbore, which will seriously damage the productivity of gas wells [9][10][11][12].…”
Section: Introductionmentioning
confidence: 99%
“…Considering the influence of plunger motion law, valve ball motion law, oil well inflow performance, etc, Wang et al (2018) establish the dynamic parameter simulation model of pumping wells and study the methods to improve the system efficiency. For gas injection wells, Jun et al (2017) use Monte Carlo simulation method to select the optimal gas recovery scheme, then genetic algorithm is used to find the optimal development scheme. In order to overcome the difficulties brought by the low oil prices and provide meaningful and valuable information for operators.…”
Section: Introductionmentioning
confidence: 99%
“…(2018) establish the dynamic parameter simulation model of pumping wells and study the methods to improve the system efficiency. For gas injection wells, Jun et al. (2017) use Monte Carlo simulation method to select the optimal gas recovery scheme, then genetic algorithm is used to find the optimal development scheme.…”
Section: Introductionmentioning
confidence: 99%