search query: @author Goodman, D. J. / total: 1
reference: 1 / 1
« previous | next »
| Author: | Findlay, P. L. Kobbacy, K. A. H. Goodman, D. J. |
| Title: | Optimization of the daily production rates for an offshore oilfield. |
| Journal: | Journal of the Operational Research Society
1989 : DEC, VOL. 40:12, p. 1079-1088 |
| Index terms: | DYNAMIC PROGRAMMING OIL INDUSTRY OFFSHORE INVESTMENT OPTIMIZATION SCHEDULING |
| Language: | eng |
| Abstract: | To achieve the target production for a period, the planner is given freedom in setting the daily production rate. A model is presented to assist in optimizing this rate. The oil output is accompanied by the production of gas. When there is a restriction in the gas pipeline, the planner has three choices of action, namely: to flare the excess gas to waste, to invoke the agreement governing the use of the pipeline by taking a larger percentage of the available capacity, or to reduce the production rate. The usefulness of integrating the concept of stochastic dynamic programming into an interactive computer model as a means of optimizing the production rate for an offshore oil field is shown. |
« previous | next »
SCIMA