Robust optimization of water-flooding in oil reservoirs using risk management tools

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Robust optimization of water-flooding in oil reservoirs using risk management tools

The theory of risk provides a systematic approach to handling uncertainty with well-defined risk and deviation measures. As the model-based economic optimization of the water-flooding process in oil reservoirs suffers from high levels of uncertainty, the concepts from the theory of risk are highly relevant. In this paper, the main focus is to offer an asymmetric risk management, i.e., to maximi...

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co2 injection is an effective technique for improved oil recovery in light oil reservoirs, especially for water flooding abandoned reservoirs. in this study, the lower part of es1 reservoirs in pucheng oilfield was introduced as the target reservoir. by studying the minimum miscible pressure in co2 flooding, the reservoir could achieve miscible flooding. long core displacement experiments prove...

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ژورنال

عنوان ژورنال: IFAC-PapersOnLine

سال: 2016

ISSN: 2405-8963

DOI: 10.1016/j.ifacol.2016.07.229