{"id":14244,"date":"2022-07-07T04:29:04","date_gmt":"2022-07-07T04:29:04","guid":{"rendered":"https:\/\/file.currentschoolnews.com\/?post_type=product&p=14244"},"modified":"2022-07-07T11:22:17","modified_gmt":"2022-07-07T11:22:17","slug":"comparative-economics-of-petroleum-production-optimization-techniques","status":"publish","type":"product","link":"https:\/\/pastexamquestions.com\/product\/comparative-economics-of-petroleum-production-optimization-techniques\/","title":{"rendered":"Comparative Economics of Petroleum Production Optimization Techniques"},"content":{"rendered":"

– Comparative Economics of Petroleum Production Optimization Techniques –<\/strong><\/span><\/p>\n

Download Comparative Economics of Petroleum Production Optimization Techniques<\/strong><\/span>. Petroleum Engineering students who are writing their projects can get this material to aid their research work.<\/span><\/span><\/p>\n

Abstract<\/b><\/span><\/h2>\n

Hydrocarbon production in the petroleum industry is often constrained by reservoir heterogeneity, deliverability and capacity of surface facilities, also optimization technique in the petroleum industry requires the execution of several iterative runs by comparing various solutions until an optimum or satisfactory solution is found.<\/p>\n

In this study, a comparative economic analysis to aid the optimization of petroleum production was done. Two key variables, tubing sizes and choke sizes were considered, their sensitivity to production was also determined.<\/p>\n

A prudent approach to optimizing petroleum production is by statistical and sensitivity analysis, specifically, Nodal Analysis and @Risk software were used in this work.<\/p>\n

The nodal analysis procedure consists of selecting a division point or node in the well, the system at that point was analyzed differently to optimize performance in the most economical manner, an integral analysis of the entire production system was also considered.<\/p>\n

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Introduction<\/span><\/span><\/strong><\/span><\/h2>\n

Hydrocarbon production in the petroleum industry are often constrained by reservoir heterogeneity, deliverability and capacity of surface facilities.<\/p>\n

As optimization algorithms and reservoir simulation techniques continue to develop and computing power continues to increase, upstream oil and gas facilities previously assumed not to be candidates for advanced control or optimization have being given new considerations (Clay et al., 1998).<\/p>\n

An optimization technique is a procedure which is executed iteratively by comparing various solutions till an optimum or a satisfactory solution is found.<\/p>\n

However, Wang (2003) addressed some problems associated with optimizing the production rates, lift gas rates, and well connections to flow lines subject to multiple flow rate and pressure constraints to achieve certain short-term operational goals.<\/p>\n

This problem is being faced in many mature fields and is an important element to<\/a> consider in planning the development of a new field.<\/p>\n

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