DETERMINATION OF OPTIMUM WELL NUMBER IN ONE OF THE IRANIAN OIL RESERVOIRS USING MONTE CARLO AND GENETIC ALGORITHM MODELS

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KERAMATI MOEZABAD MOHAMMAD; GHASEM MOHAMMAD

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Journal: PETROLEUM RESEARCH Year:2015 | Volume:25 | Issue:82 Page(s): 82-94

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Title

DETERMINATION OF OPTIMUM WELL NUMBER IN ONE OF THE IRANIAN OIL RESERVOIRS USING MONTE CARLO AND GENETIC ALGORITHM MODELS

Author(s)

KERAMATI MOEZABAD MOHAMMAD | GHASEM MOHAMMAD | Issue Writer Certificate

Keywords

CERTAINTY AND UNCERTAINTYQ2

MONTE CARLOQ1

GENETIC ALGORITHMQ2

SINGLE EQUATIONQ2

PRODUCTION MODELQ2

Abstract

In reservoir management, the key goal is to reach the maximum economic profit. This can be achieved by the evaluation of economic parameters. One of the main factors in the economic evaluation and capital expenditure of any filed development is the number of wells necessary to reach the optimum hydrocarbon production from the reservoir. In this paper, an attempt has been made to select the optimum number of wells in one of the Iran southwest carbonate reservoirs. Uncertainty analysis has been carried out using MonteCarlo and GENETIC ALGORITHM techniques. Both horizontal and vertical wells were analyzed, and the number of scenarios were performed to select the optimum number of wells. The best scenarios from an economic point of view were selected for field development.

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APA: Copy

KERAMATI MOEZABAD, MOHAMMAD, & GHASEM, MOHAMMAD. (2015). DETERMINATION OF OPTIMUM WELL NUMBER IN ONE OF THE IRANIAN OIL RESERVOIRS USING MONTE CARLO AND GENETIC ALGORITHM MODELS. PETROLEUM RESEARCH, 25(82), 82-94. SID. https://sid.ir/paper/115040/en

Vancouver: Copy

KERAMATI MOEZABAD MOHAMMAD, GHASEM MOHAMMAD. DETERMINATION OF OPTIMUM WELL NUMBER IN ONE OF THE IRANIAN OIL RESERVOIRS USING MONTE CARLO AND GENETIC ALGORITHM MODELS. PETROLEUM RESEARCH[Internet]. 2015;25(82):82-94. Available from: https://sid.ir/paper/115040/en

IEEE: Copy

MOHAMMAD KERAMATI MOEZABAD, and MOHAMMAD GHASEM, “DETERMINATION OF OPTIMUM WELL NUMBER IN ONE OF THE IRANIAN OIL RESERVOIRS USING MONTE CARLO AND GENETIC ALGORITHM MODELS,” PETROLEUM RESEARCH, vol. 25, no. 82, pp. 82–94, 2015, [Online]. Available: https://sid.ir/paper/115040/en

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