Abstract
Optimum well controls to maximize net present value (NPV) in a waterflooding operation are often obtained from an iterative process of employing numerical reservoir simulation and optimization algorithms. It is often challenging to implement gradient-based optimization algorithms because of the large number of variables and the complexities to embed the optimization algorithm in the simulator solving workflow. Approaches based on repeated model evaluation are easier to implement but are often time-consuming and computationally expensive.
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