All Days 2015
DOI: 10.2118/173829-ms
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Dynamic Well Conversion and Rate Optimisation Using Ensemble-based Method

Abstract: This work describes the use of ensemble-based optimisation (EnOpt) approach to maximise a pre-defined economic criterion, the Net Present Value (NPV), while considering two well parameters simultaneously, the well type and the corresponding well control rates for a given subsurface model. EnOpt has previously been used to optimise well control settings for a fixed number of producers and injectors. It relies on the ensemble of well control settings from which the sensitivities of a suitably constructed objecti… Show more

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Cited by 3 publications
(1 citation statement)
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“…At the end of the EnOpt simulation, the best control settings are the optimal control variables that minimise the objective function [Chen et al, 2009, Jahangiri, 2012, Nwaozo, 2006. EnOpt has been well established as the optimisation algorithm in searching for optimal operating strategy in reservoir management [Chen et al, 2009, Jahangiri, 2012, Chen et al, 2010a, Petvipusit, 2011. EnOpt is applied in this paper in order to develop operating strategies in the ED problem that optimise both costs and carbon savings.…”
Section: Optimisation In Power Systemsmentioning
confidence: 99%
“…At the end of the EnOpt simulation, the best control settings are the optimal control variables that minimise the objective function [Chen et al, 2009, Jahangiri, 2012, Nwaozo, 2006. EnOpt has been well established as the optimisation algorithm in searching for optimal operating strategy in reservoir management [Chen et al, 2009, Jahangiri, 2012, Chen et al, 2010a, Petvipusit, 2011. EnOpt is applied in this paper in order to develop operating strategies in the ED problem that optimise both costs and carbon savings.…”
Section: Optimisation In Power Systemsmentioning
confidence: 99%