An Analytical Method of Determining the Economic Life of Oil Field

doi:10.3863/j.issn.1000-2634.1998.01.022

西南石油大学学报(自然科学版) ›› 1998, Vol. 20 ›› Issue (1): 84-87.DOI: 10.3863/j.issn.1000-2634.1998.01.022

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An Analytical Method of Determining the Economic Life of Oil Field

Zhang Bin Zhang Mingquan Yong Qidong

Dept. of Petroleum Engineering, SWPI, Sichuan, 637001

Received:1997-01-07 Revised:1900-01-01 Online:1998-02-20 Published:1998-02-20
Contact: Zhang Bin

Abstract

Abstract: Based on analyses of factors affecting the economic life of oil fields, a method of calculating the economic life is proposed in this paper.Firstly the definition of economic life of an oilfield is presented. Then the principles of system ntegration modeling and simulation are used to establish technological and economic criteria prediction models, economic-life computation models, integrated production-refinery black-box models, cost control models and performance optimization models. Finally, strategies of lengthening the economic life and maximizing the economic profits of oil fields are put forward.

Key words: Oil fields, Economic life, Black box, Cost control, Prediction, Models

CLC Number:

TE-92

Zhang Bin Zhang Mingquan Yong Qidong. An Analytical Method of Determining the Economic Life of Oil Field[J]. 西南石油大学学报(自然科学版), 1998, 20(1): 84-87.

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An Analytical Method of Determining the Economic Life of Oil Field

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