Providing the Optimal Production Path from Oil Fields Considering Economic, Technical, and Environmental Dimensions

Autor: samaneh khaksarastaneh, Teymor Mohammadi, Hamid Amadeh
Jazyk: perština
Rok vydání: 2023
Předmět:
Zdroj: Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān, Vol 12, Iss 48, Pp 57-84 (2023)
Druh dokumentu: article
ISSN: 2423-5954
2476-6437
DOI: 10.22054/jiee.2023.73770.2009
Popis: Nowadays, due to the limitation of fossil fuels, the topic of their optimal use has been given more attention than before. In the upstream literature of oil and gas economy, the word synonymous with this topic is reservoir management. In this study, selected one of the oil fields of Iranian Offshore Oil Company (IOOC). In the first step, by using field data, the cost function of the field is estimated by considering the environmental costs and secondary recycling costs, and in the next Nowadays, due to the limitation of fossil fuels, the topic of their optimal use has been given more attention than before. In the upstream literature of the oil and gas economy, the word synonymous with this topic is reservoir management. This study selected one of the oil fields of the Iranian Offshore Oil Company (IOOC). In the first step, by using field data, the cost function of the field is estimated by considering the environmental costs and secondary recycling costs, and in the next step, the discounted profit of the field during its life under three discount rate scenarios, and it is maximized by dynamic programming method. The results of the bell curve study confirmed the production during the life of the field. Also, in the scenario of the discount rate of 5%, the harvest results from the field have been more balanced, and with the increase of the discount rate to 10 and then 20%, more harvest has been achieved in the first years of production and less harvest in the final years of productionstep, the discounted profit of the field during its life under three discount rate scenarios. and it is maximized by dynamic programming method. The results of the bell curve study confirmed the production during the life of the field. Also, in the scenario of discount rate of 5%, the harvest results from the field have been more balanced, and with the increase of the discount rate to 10 and then 20%, more harvest has been achieved in the first years of production and less harvest in the final years of production.
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