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Record W2277001310 · doi:10.2118/169859-pa

Integrated Economic Model for Evaluation and Optimization of Cyclic-Steam-Stimulation Projects

2016· article· en· W2277001310 on OpenAlexafffund
C. T. Frenette, Majid Saeedi, J. L. Henke

Bibliographic record

VenueSPE Economics & Management · 2016
Typearticle
Languageen
FieldEngineering
TopicReservoir Engineering and Simulation Methods
Canadian institutionsCenovus Energy (Canada)
FundersCenovus EnergyUniversity of Pennsylvania
KeywordsNet present valueSteam injectionScheduleScheduling (production processes)Present valueProduction (economics)Computer scienceOil fieldPetroleum engineeringEngineeringOperations managementEconomics

Abstract

fetched live from OpenAlex

Introduction The development of a hydrocarbon resource should be planned to maximize the net present value (NPV) of the project, subject to any imposed constraints. Maximizing the NPV of a thermal heavy-oil project can be complex because of the interplay of individual-well production and injection profiles with field-level production and injection constraints imposed by a central processing facility (CPF). In addition, for thermal heavy-oil-recovery methods such as cyclic-steam stimulation (CSS), the scheduling of the production, soak, and injection cycles of the wells has a significant impact on the overall project NPV. This study presents the results of a novel study to maximize the NPV of a greenfield CSS project by incorporating a newly developed analytical horizontal CSS model coupled to a field-production aggregation and scheduling model, which was in turn coupled to an economic-evaluation model. The close integration of these models allowed for the optimization of input parameters to be achieved simultaneously across all three models to maximize the NPV of the entire project. The integrated model work flow and the resulting optimized case will be summarized and discussed in detail. The significance of the work flow developed in this study is that it demonstrates that the key design parameters (such as the CPF capacity and schedule) of a thermal heavy-oil-exploitation scheme can be calculated and optimized on the basis of the economics of the entire project by use of an integrated model.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.002
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.032
Threshold uncertainty score0.064

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.002
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0010.001
Science and technology studies0.0010.001
Scholarly communication0.0020.001
Open science0.0020.001
Research integrity0.0020.001
Insufficient payload (model declined to judge)0.0050.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.030
GPT teacher head0.279
Teacher spread0.249 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations10
Published2016
Admission routes2
Has abstractyes

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