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MARTINGALE CONTROL OF PRODUCTION FOR OPTIMAL PROFITABILITY OF OIL AND GAS FIELDS

  • US 20080294387A1
  • Filed: 01/24/2008
  • Published: 11/27/2008
  • Est. Priority Date: 08/26/2003
  • Status: Active Grant
First Claim
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1. A computer-aided lean management (CALM) controller system for managing production actions in an oil and gas reservoir/field as its properties and conditions change with time with a view to increase profitability of the reservoir over its lifetime, wherein the oil and/or gas reservoir is characterized and represented as an electronic-field (“

  • e-field”

    ), the system comprising;

    a plurality of applications describing a multiplicity of dynamic and static e-field properties and conditions, each application having a workflow,wherein the plurality of application workflows are combined in a feedback loop between actions taken in the field and metrics that score the success or failure of those actions in the field; and

    a controller/optimizer that operates on the combination of the application workflows and continuously computes production strategies and actions, wherein the controller/optimizer is configured to generate a best action sequence for production in which each action is economically “

    always-in-the-money,”

    thereby ensuring increased profitability of the reservoir over its lifetime.

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