Optimal Hydrocarbon Reservoir Production Policies

Leon Lasdon, Paul E. Coffman, Robert MacDonald, James W. McFarland and Kamy Sepehrnoori
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Leon Lasdon: University of Texas, Austin, Texas
Paul E. Coffman: University of Texas, Austin, Texas
Robert MacDonald: Intera Petroleum Consultants, Austin, Texas
James W. McFarland: University of Houston, Houston, Texas
Kamy Sepehrnoori: University of Texas, Austin, Texas

Operations Research, 1986, vol. 34, issue 1, 40-54

Abstract: This paper describes a methodology for investigating optimal production polices for hydrocarbon reservoirs by an approach that brings together reservoir simulation models and numerical optimization techniques. It describes the results of applying this methodology to a dry gas storage reservoir using a single phase, two-dimensional reservoir simulator. The paper investigates optimal production strategies for several optimization criteria and potential constraints on reservoir operations, and discusses extensions to more complex systems.

Keywords: 431 nonlinear programming; 448 hydrocarbon reservoir operating policies; 473 oil and gas production policies (search for similar items in EconPapers)
Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:34:y:1986:i:1:p:40-54

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