The general form of objective function for production targets optimisation is given by:
E = \sum_{p=1}^{N_{\rm prod}} \left[ R_O \cdot q^{\uparrow}_{O, p} + R_G \cdot q^{\uparrow}_{G, p} \right]
- \sum_{p=1}^{N_{\rm prod}} C_L \cdot q^{\uparrow}_{L, p}
- \sum_{p=1}^{N_{\rm prod}} C_O \cdot q^{\uparrow}_{O, p}
- \sum_{p=1}^{N_{\rm prod}} C_G \cdot q^{\uparrow}_{G, p}
- \sum_{p=1}^{N_{\rm prod}} C_W \cdot q^{\uparrow}_{W, p}
- \sum_{i=1}^{N_{W, \rm inj}} C_{W, \rm inj} \cdot q^{\downarrow}_{W, i}
- \sum_{j=1}^{N_{G, \rm inj}} C_{G, \rm inj} \cdot q^{\downarrow}_{G, i}
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where
oil production rate for | cost of oil treatment, cash/volume | oil price, cash/volume | |||
gas production rate for | cost of gas treatment, cash/volume | gas price, cash/volume | |||
water production rate for | cost of water treatment, cash/volume | ||||
liquid production rate for | cost of fluid lift, cash/volume | ||||
water injection rate for | cost of water injection, cash/volume | ||||
gas injection rate for | cost of gas injection, cash/volume |
Petroleum Industry / Upstream / Production / Field Development Plan
Subsurface Production / Well & Reservoir Management / [ Production Targets ]
Subsurface E&P Disciplines / Production Technology