International Conference on Instrumentation, Measurement, Circuits and Systems (ICIMCS 2011)
250 Reservoir Production Settings Optimization Under Model Uncertainties
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Secondary recovery by engineered drives is a popular production process in the recovery of oil from subsurface reservoirs. It is mainly achieved by waterflooding technology — which involves the injection of water into the hydrocarbon reservoir. Studies on model-based optimization of waterflooding strategies have shown that there exists a significant potential to increase the recovery factor, measured in terms of the Net Present Value (NPV) of the reservoir. However, there are inherent draw backs to achieving optimal production procedures. These include the high dimension of the search space, the computational requirements associated with the objective function evaluations (which basically entail...