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: | , |
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2019-12-01
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| Series: | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
| Subjects: | |
| Online Access: | https://jiee.atu.ac.ir/article_13087_ab34de85edc58459eb6df37df5d8a600.pdf |
| _version_ | 1797369224651341824 |
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| author | Zohreh Jalali Majid Shakhsi-Niaei |
| author_facet | Zohreh Jalali Majid Shakhsi-Niaei |
| author_sort | Zohreh Jalali |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-08T17:43:32Z |
| format | Article |
| id | doaj.art-1eb67ce0f3fc4327ba926b8331f7b4e5 |
| institution | Directory Open Access Journal |
| issn | 2423-5954 2476-6437 |
| language | fas |
| last_indexed | 2024-03-08T17:43:32Z |
| publishDate | 2019-12-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān |
| spelling | doaj.art-1eb67ce0f3fc4327ba926b8331f7b4e52024-01-02T10:49:01ZfasAllameh Tabataba'i University PressPizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān2423-59542476-64372019-12-01933416610.22054/jiee.2021.54389.177213087Modeling Cash Flow of Early Production in Optimization of Oil and Gas Development, Production, and TransmissionZohreh Jalali0Majid Shakhsi-Niaei1Department of industrial engineering, Yazd UniversityDepartment of industrial engineering, Yazd UniversityLack 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.https://jiee.atu.ac.ir/article_13087_ab34de85edc58459eb6df37df5d8a600.pdfoil and gas field developmentproduction planningtransmission planningmathematical modelingearly production |
| spellingShingle | Zohreh Jalali Majid Shakhsi-Niaei Modeling Cash Flow of Early Production in Optimization of Oil and Gas Development, Production, and Transmission Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān oil and gas field development production planning transmission planning mathematical modeling early production |
| title | Modeling Cash Flow of Early Production in Optimization of Oil and Gas Development, Production, and Transmission |
| title_full | Modeling Cash Flow of Early Production in Optimization of Oil and Gas Development, Production, and Transmission |
| title_fullStr | Modeling Cash Flow of Early Production in Optimization of Oil and Gas Development, Production, and Transmission |
| title_full_unstemmed | Modeling Cash Flow of Early Production in Optimization of Oil and Gas Development, Production, and Transmission |
| title_short | Modeling Cash Flow of Early Production in Optimization of Oil and Gas Development, Production, and Transmission |
| title_sort | modeling cash flow of early production in optimization of oil and gas development production and transmission |
| topic | oil and gas field development production planning transmission planning mathematical modeling early production |
| url | https://jiee.atu.ac.ir/article_13087_ab34de85edc58459eb6df37df5d8a600.pdf |
| work_keys_str_mv | AT zohrehjalali modelingcashflowofearlyproductioninoptimizationofoilandgasdevelopmentproductionandtransmission AT majidshakhsiniaei modelingcashflowofearlyproductioninoptimizationofoilandgasdevelopmentproductionandtransmission |