OIL PRODUCTION OPTIMIZATION BASED ON ECONOMIC LIMIT PRODUCTION

doi:10.3863/j.issn.1674-5094.2011.03.017

西南石油大学学报(社会科学版) ›› 2011, Vol. 4 ›› Issue (3): 80-84.DOI: 10.3863/j.issn.1674-5094.2011.03.017

• 经济学与管理学 • Previous Articles Next Articles

OIL PRODUCTION OPTIMIZATION BASED ON ECONOMIC LIMIT PRODUCTION

ZHANG Ming-quan a LIANG Shuang b WU Peng b

Southwest University of Petroleum：a.Applied Technique College，Nanchong Sichuan 637001，China；b.School of Economics and Management，Chengdu Sichuan 610500，China

Received:1900-01-01 Revised:1900-01-01 Online:2011-05-20

Abstract

Abstract: In the midlate stage of oil recovery，the increasing water cut makes recovery more difficult.Oil production will gradually drop to economic limit，and continuing development will bring oil production into a situation of adverse benefit.The authors analyze the factors influencing economic limit production by means of Arps hyperbolic decline and КОПЫТВ formula.Then，on the basis of the input/output balance theory，the functional relationship between economic limit production and cost and oil price is deduced and critical value of cost and oil price determined.This study is therefore hoped to contribute to oil field development planning.

Key words: oil field development, economic limit production, cost, oil price, production prediction, production optimization

CLC Number:

F406.2

ZHANG Ming-quan a LIANG Shuang b WU Peng b. OIL PRODUCTION OPTIMIZATION BASED ON ECONOMIC LIMIT PRODUCTION[J]. 西南石油大学学报(社会科学版), 2011, 4(3): 80-84.

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OIL PRODUCTION OPTIMIZATION BASED ON ECONOMIC LIMIT PRODUCTION

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