Small oilfield integrated production management model

Abstract

In this paper is presented the concept of integrated oil production management model. The model's main objective is to provide more efficient tool for oil production process management in terms of the technological and economical aspects. Integrated oil production management model implies multidisciplinary approach which connects oil reservoir development and production with application of risk analysis. Model's task is to simulate behavior of the whole production system, enabling overcoming the weaknesses of conventional deterministic analysis and significantly enhancing oil production, as well as an investment decision making. In the article is presented shortly the application of integrated oil production management model at the oilfield 'K'. The ultimate goal was techno-economic analysis of managing production process, i.e. determination of production economic limit based on production history data, decline analysis and operating costs.

Keywords

• oil
• production
• management
• integrated model
• decision making