Day 3 Wed, August 02, 2017 2017
DOI: 10.2118/189173-ms
|View full text |Cite
|
Sign up to set email alerts
|

Fast Tracking Field Development Optimisation With Nature Inspired Heuristics

Abstract: Wells are a crucial element in any field development optimisation effort. A field development will not be optimal unless we drill optimum types and number of wells, at optimum locations in the reservoir. Traditionally, a manual trial-and-error approach is taken for field development optimisation. The manual approach allows the engineer to exercise full control over the process, which can be beneficial when the engineer is very knowledgeable, but this approach is very inefficient and unreliable. Increasingly, s… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1

Citation Types

0
1
0

Year Published

2018
2018
2019
2019

Publication Types

Select...
1
1

Relationship

0
2

Authors

Journals

citations
Cited by 2 publications
(1 citation statement)
references
References 19 publications
0
1
0
Order By: Relevance
“…The subject of the presented work is an attempt to build an optimization algorithm for the selection of the number and placement of production wells with simultaneous optimization of the mentioned parameters (Ilamah and Ebere, 2017;Onwunalu, 2014;Isebor et al, 2015). As a measure of operational efficiency the NPV (net present value) was taken under consideration based on the analysis of discounted cash flows at a given rate of return.…”
Section: Introductionmentioning
confidence: 99%
“…The subject of the presented work is an attempt to build an optimization algorithm for the selection of the number and placement of production wells with simultaneous optimization of the mentioned parameters (Ilamah and Ebere, 2017;Onwunalu, 2014;Isebor et al, 2015). As a measure of operational efficiency the NPV (net present value) was taken under consideration based on the analysis of discounted cash flows at a given rate of return.…”
Section: Introductionmentioning
confidence: 99%