Mathematical Optimization in Reservoir Management

Abstract

Getting the most out of a hydrocarbon reservoir is not a trivial task. It takes plentyof interwoven decisions to make. There are many forms of tools that support engineersto make correct decisions. The simplest ones would only display measurementsin a suitable way, and appoint the rest of the decision making processto human knowledge and experience. Complex decision support tools may implementmodel-based estimation and optimization. This work targets methods foroptimization-based decision support.The objective of this study is to formulate, implement and test promising methodsof hydrocarbon production optimization through various test cases. To do this, avarious optimizations algorithm were applied to the simulated reservoir modelsusing the Matlab Reservoir Simulation Toolbox (MRST).