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COMPARATIVE ECONOMICS OF PETROLEUM PRODUCTION OPTIMIZATION TECHNIQUES
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- Contributor: mr-chris
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- Case No: 201713pw
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTHydrocarbon 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 execution of several iterative runs by comparing various solutions until an optimum or satisfactory solution is found.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.A prudent approach to optimizing petroleu
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CHAPTER ONE - [ Total Page(s): 2 ]CHAPTER ONE:1.0 INTRODUCTION1.1 BACKGROUND OF THE STUDYHydrocarbon production in the petroleum industry are often constrained by reservoir heterogeneity, deliverability and capacity of surface facilities. 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).An optimization technique is a procedure which is executed ite ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTHydrocarbon 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 execution of several iterative runs by comparing various solutions until an optimum or satisfactory solution is found.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.A prudent approach to optimizing petroleu
... Continue Reading
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