Optimisation of oilfield development production capacity

Richard J. Barnes, Patrick Linke, Antonis Kokossis

Research output: Contribution to journalArticle

15 Citations (Scopus)

Abstract

The paper presents an optimisation method for the systematic evaluation of the economic production capacity of an offshore oil production platform. The problem is formulated as sequential mixed-integer liner programs to keep the mathematical comlexity at a low level. Continuous variables represent individual well, jacket and topsides costs and discrete variables are used to select or deselect individual wells within a defined field grid. The mathematical formation is concise and efficient to enable future extensions to consider uncertainty in reservoir performance and actual development costs. The new method is illustrated with two hypothetical fields that are based on real-life examples in the North Sea.

Original languageEnglish
Pages (from-to)631-636
Number of pages6
JournalComputer Aided Chemical Engineering
Volume10
Issue numberC
DOIs
Publication statusPublished - 2002
Externally publishedYes

Fingerprint

Production platforms
Costs
Oils
Economics
Uncertainty

ASJC Scopus subject areas

  • Chemical Engineering(all)
  • Computer Science Applications

Cite this

Optimisation of oilfield development production capacity. / Barnes, Richard J.; Linke, Patrick; Kokossis, Antonis.

In: Computer Aided Chemical Engineering, Vol. 10, No. C, 2002, p. 631-636.

Research output: Contribution to journalArticle

Barnes, Richard J. ; Linke, Patrick ; Kokossis, Antonis. / Optimisation of oilfield development production capacity. In: Computer Aided Chemical Engineering. 2002 ; Vol. 10, No. C. pp. 631-636.
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