Implementation of Geological and Technological Uncertainties to the Process of Development Planning of a Hydrocarbon Fields Group
V. Legkokonets, A. Korobkin and D. Safin
Event name: ProGREss'19
Session: Round table «Field Development Role at Appraisal» / Круглый стол «Модели разработки месторождений на ранних стадиях»
Publication date: 05 August 2019
Info: Extended abstract, PDF ( 659.86Kb )
Price: € 20
The main goal of development planning of a new hydrocarbon region is to achieve the most robust development plan while taking into account uncertainties of each individual hydrocarbon field. The simplest solution for uncertainty quantification of several fields is conducting multitude of reservoir simulations, however this method is heavily limited by available computation resources. This work describes an algorithm which allows to calculate the least uncertain development plan within set production and economic constraints. Algorithm is based on genetic optimization method accounts for field infrastructure, production profile, cash flow limits while minimizing uncertainty. Proposed plan uncertainty is reduced through change of field exploitation start date and intensity of field development. Algorithm should be used as a decision support tool in the process of finding an optimal solution in hydrocarbon fields developing strategies.