Hierarchical Economic Optimization of Oil Production from Petroleum Reservoirs

Hierarchical Economic Optimization of Oil Production from Petroleum Reservoirs

In oil production waterflooding is a popular recovery technology, which involves the injection of water into an oil reservoir. Studies on model-based dynamic optimization of waterflooding strategies have demonstrated that there is a significant potential to increase lifecycle performance, measured in Net Present Value. However, in these studies the complementary desire of oil companies to maxim...

Effect of Fractional Flow Curves on the Heavy Oil and Light Oil Recoveries in Petroleum Reservoirs

Economic Appraisal of Shale Oil Production

The security, political and economic impacts of shale oil and gas, has changed the supply side of international energy market. Different countries are looking for feasible technology of shale oil production. In this paper after studies on the technical and economic aspects of shale oil production, we studied on the CAPEX and OPEX of shale oil production in a feasibility study framework in order...

Microbial diversity in petroleum reservoirs

Buried hydrocarbon deposits, such as liquid petroleum, represent an abundant source of reduced carbon for microbes. It is not surprising therefore that many organisms have adapted to an oily, anaerobic life deep underground, often at high temperatures and pressures, and that those organisms have had, and in some cases continue to have, an effect on the quality and recovery of the earth’s dimini...

Production Optimization in Shale Gas Reservoirs

Natural gas from organic rich shales has become an important part of the supply of natural gas in the United States. Modern drilling and stimulation techniques have increased the potential and profitability of shale gas reserves that earlier were regarded as unprofitable resources of natural gas. The most prominent property of shale gas reservoirs is the low permeability. This is also the reaso...