Mixed integer simulation optimization for petroleum field development under geological uncertainty

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Scopus citations

Abstract

Optimal development of oil and gas fields involves determining well locations in oil reservoirs and well control through the production time. Field development problems are mixed-integer optimization problems because the well locations are dened by integer-valued block indices in the discrete reservoir model, while the well control variables such as bottom hole pressures or injection rates are continuous. Reservoir simulation software is used to evaluate production performance given a well placement and control plan. In the presence of reservoir uncertainty, we sample and simulate multiple model realizations to estimate the expected eld performance. We present a retrospective optimization using dynamic simplex interpolation (RODSI) algorithm for oil field development under uncertainty. The numerical results show that the RODSI algorithm efficiently finds a solution yielding a 20% increase (compared to a solution suggested from heuristics) in the expected net present value (NPV) over 30 years of reservoir production for the considered Brugge case.

Original languageEnglish (US)
Title of host publicationProceedings of the 2013 Winter Simulation Conference - Simulation
Subtitle of host publicationMaking Decisions in a Complex World, WSC 2013
Pages1057-1067
Number of pages11
DOIs
StatePublished - Dec 1 2013
Event2013 43rd Winter Simulation Conference - Simulation: Making Decisions in a Complex World, WSC 2013 - Washington, DC, United States
Duration: Dec 8 2013Dec 11 2013

Publication series

NameProceedings of the 2013 Winter Simulation Conference - Simulation: Making Decisions in a Complex World, WSC 2013

Other

Other2013 43rd Winter Simulation Conference - Simulation: Making Decisions in a Complex World, WSC 2013
CountryUnited States
CityWashington, DC
Period12/8/1312/11/13

All Science Journal Classification (ASJC) codes

  • Modeling and Simulation

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    Wang, H. (2013). Mixed integer simulation optimization for petroleum field development under geological uncertainty. In Proceedings of the 2013 Winter Simulation Conference - Simulation: Making Decisions in a Complex World, WSC 2013 (pp. 1057-1067). [6721495] (Proceedings of the 2013 Winter Simulation Conference - Simulation: Making Decisions in a Complex World, WSC 2013). https://doi.org/10.1109/WSC.2013.6721495