Model-based Optimization of Oil Recovery: Robust Operational Strategies

The process of depleting an oil reservoir can be poured into an optimal control problem with the objective to maximize economic performance over the life of the ?eld. Despite its large potential, life-cycle optimization has not yet found its way into operational environments. The objective of this thesis is to improve operational applicability...

Hierarchical Economic Optimization of Oil Production from Petroleum Reservoirs

In oil production waterflooding is a popular recovery technology, which involves the injection of water into an oil reservoir. Studies on model-based dynamic optimization of waterflooding strategies have demonstrated that there is a signifcant potential to increase life-cycle performance, measured in Net Present Value. However, in these studies...