TY - GEN
T1 - Optimization of the Field Development Mode by the Criterion of Maximizing Economic Efficiency
AU - Filimonova, Irina
AU - Ivershin, Anastasia
AU - Provornaya, Irina
N1 - Funding Information:
The article was prepared with the financial support of the Council for Grants of the President of the Russian Federation in the framework of projects № NSh-1280.2022.2 and SP-3030.2022.1.
Publisher Copyright:
© 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
PY - 2023
Y1 - 2023
N2 - The article proposes the construction of an optimization mathematical model of the oil production process to assess the economic efficiency of field development. On the basis of the studied methods of geological and economic modeling, two optimization problems are formulated to maximize the economic efficiency of the project and the search for the minimum profitable initial flow rate, and algorithms for their solution are proposed. As a result of the application of the developed algorithm for solving optimization problems, it was possible to find a field development mode that increases the economic efficiency of the project by 28%, as well as to justify the minimum profitable initial flow rate. The author has developed practical recommendations for choosing a field development mode for making decisions when planning and optimizing oil production strategies.
AB - The article proposes the construction of an optimization mathematical model of the oil production process to assess the economic efficiency of field development. On the basis of the studied methods of geological and economic modeling, two optimization problems are formulated to maximize the economic efficiency of the project and the search for the minimum profitable initial flow rate, and algorithms for their solution are proposed. As a result of the application of the developed algorithm for solving optimization problems, it was possible to find a field development mode that increases the economic efficiency of the project by 28%, as well as to justify the minimum profitable initial flow rate. The author has developed practical recommendations for choosing a field development mode for making decisions when planning and optimizing oil production strategies.
KW - Economic efficiency
KW - Field development optimization
KW - Mathematical modeling
KW - Minimum profitable production rate
KW - Production forecast
UR - http://www.scopus.com/inward/record.url?scp=85142714686&partnerID=8YFLogxK
UR - https://www.mendeley.com/catalogue/982e5888-fc09-311f-a343-1ac3956f41e1/
U2 - 10.1007/978-3-031-11051-1_121
DO - 10.1007/978-3-031-11051-1_121
M3 - Conference contribution
AN - SCOPUS:85142714686
SN - 9783031110504
T3 - Lecture Notes in Networks and Systems
SP - 1189
EP - 1198
BT - Networked Control Systems for Connected and Automated Vehicles - Volume 2
A2 - Guda, Alexander
PB - Springer Science and Business Media Deutschland GmbH
T2 - International School on Neural Networks, NN 2022
Y2 - 8 February 2022 through 10 February 2022
ER -