Real-time production optimization and reservoir management at the IO center

Abstract

This paper presents research results within real-time production optimization and reservoir management at the Center for Integrated Operations in the Petroleum Industry (IO center). This includes life-cycle and long term issues like well location and target production rates. Further, results on short term production optimization, for instance the allocation of target production between wells and routing of wells into pipelines, will be presented. Finally, results on value chain optimization, where the production chain from reservoir to export is modelled, are reviewed.