MARTINGALE CONTROL OF PRODUCTION FOR OPTIMAL PROFITABILITY OF OIL AND GAS FIELDS
First Claim
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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Abstract
A computer-aided lean management (CALM) controller system recommends actions and manages production in an oil and gas reservoir/field as its properties and conditions change with time. The reservoir/field is characterized and represented as an electronic-field (“e-field”). A plurality of system applications describe dynamic and static e-field properties and conditions. The application workflows are integrated and combined in a feedback loop between actions taken in the field and metrics that score the success or failure of those actions. A controller/optimizer operates on the combination of the application workflows to compute production strategies and actions. The controller/optimizer is configured to generate a best action sequence for production, which is economically “always-in-the-money.”
101 Citations
15 Claims
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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. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
- e-field”
Specification