Modeling Cash Flow of Early Production in Optimization of Oil and Gas Development, Production, and Transmission
Lack of financial resources is a common dilemma in various types of projects which can result in project delays and, in some cases, can threaten project feasibility. One of the remedies for these situations is early production where a part of the project will be completed and commissioned. In this p...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2019-12-01
|
| Series: | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
| Subjects: | |
| Online Access: | https://jiee.atu.ac.ir/article_13087_ab34de85edc58459eb6df37df5d8a600.pdf |
| Summary: | Lack of financial resources is a common dilemma in various types of projects which can result in project delays and, in some cases, can threaten project feasibility. One of the remedies for these situations is early production where a part of the project will be completed and commissioned. In this paper, a development, production, and transmission optimization model for oil and gas fields is extended to consider early production cash flows. A case study is analyzed which showed sooner completion of projects and also a significant improvement in the total net present value of considered projects. This research is applied, experimental, field, and long-term. A linear mathematical model is developed which is solved in GAMS software using the CPLEX algorithm. |
|---|---|
| ISSN: | 2423-5954 2476-6437 |