Siraj, M.M. (author), van den Hof, P.M.J. (author), Jansen, J.D. (author) Model-based economic optimization of oil production has a significant scope to increase financial life-cycle performance. The net-present-value (NPV) objective in this optimization, because of its nature, focuses on long-term gains, whereas short-term production is not explicitly addressed. At the same time, the achievable NPV is highly...
journal article 2017