Abstract
The development of a gas field requires accurate planning, but the gas production rate is one of the main challenges in determining the feasibility of a gas project. An optimum gas production rate is determined not only by the gas reserve and reservoir characteristics but also by the consumer's requirements of the sales gas pressure, duration of the gas sales contract and gas price. This paper presents a gas production optimization model based on the marginal cost approach to maximize economic profit using a case study in the Donggi gas field. The results reveal that increasing the sales gas pressure and gas price raises the optimum gas production rate and increases the maximum profit; meanwhile, increasing the duration of a gas sales contract will reduce the optimum gas production rate and reduce or increase the maximum profit depending on the gas reserve and reservoir characteristics. This work clearly shows the relationship between the user's requirements and optimum gas production rate, which is an important piece of information for negotiating the gas price and planning production.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
