Automated field development planning
US8793111B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 20, 2009 |
| Grant date | Jul 29, 2014 |
| Priority date | — |
| Expiry date | Dec 9, 2031 |
Classification
- Technology area (CPC E)Fixed Constructions
- CPC primaryE21B43/00
- WIPO fieldCivil engineering
- WIPO sectorOther fields
Abstract
A system for automatically optimizing a Field Development Plan (FDP) for an oil or gas field uses a fast analytic reservoir simulator to dynamically model oil or gas production from the entire reservoir over time in an accurate and rapid manner. An objective function defining a Figure of Merit (FoM) for candidate FDPs is maximized, using an optimization algorithm, to determine an optimized FDP in light of physical, engineering, operational, legal and engineering constraints. The objective function for the Figure of Merit, e.g., net present value (NPV) or total production for a given period of time, relies on a production forecast from the fast analytic reservoir simulator for the entire FDP.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.