Abstract:One of the major decisions in managing mature oil fields is to look for opportunities to maximize recovery, such as investigating on the most feasible Improved Oil Recovery (IOR) techniques, especially in the today's volatile oil prices. This paper demonstrates a closed loop, integrated workflow using algorithm-assist reservoir simulation to evaluate the viability of an IOR project by optimizing all essential parameters in waterflood/polymer flood projects and calculate the project economics for all possible o… Show more
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