Risk Management In Petroleum Development Projects: Technical And Economic Indicators To Define A Robust Production Strategy

dc.creatorSantos
dc.creatorSusana M. G.; Gaspar
dc.creatorAna Teresa F. S.; Schiozer
dc.creatorDenis J.
dc.date2017
dc.datemar
dc.date2017-11-13T13:58:06Z
dc.date2017-11-13T13:58:06Z
dc.date.accessioned2018-03-29T06:11:30Z
dc.date.available2018-03-29T06:11:30Z
dc.identifierJournal Of Petroleum Science And Engineering. Elsevier Science Bv, v. 151, p. 116 - 127, 2017.
dc.identifier0920-4105
dc.identifier1873-4715
dc.identifierWOS:000397549600011
dc.identifier10.1016/j.petro1.2017.01.035
dc.identifierhttp://www.sciencedirect.com/science/article/pii/S0920410517301523
dc.identifierhttp://repositorio.unicamp.br/jspui/handle/REPOSIP/330195
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/1367220
dc.descriptionCoordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)
dc.descriptionIn this study, we consider robustness as a risk management method in the development of complex petroleum fields, complementing the well-known techniques of acquiring new information and adding flexibility to the production system. To create a robust production strategy we aim to reduce sensitivity to uncertainty. Our methodology is based on the analyzed performance of an optimized production strategy, covering all possible scenarios. We use technical and economic indicators to objectively identify and quantify refinements in this strategy to assure good performance across possible scenarios. We focus on the robust number and placement of wells, and robust platform processing capacities. We consider the robustness of net present value and of the recovery factor, computed using Multi-Attribute Utility Theory. We quahtify the risk through semi-deviation, instead of standard deviation, to focus on the downside volatility. Refining an optimized production strategy significantly improved the optimization process by increasing the expected value of each objective and, dramatically reduced the downside risk.
dc.description151
dc.description116
dc.description127
dc.descriptionPETROBRAS
dc.descriptionResearch Network SIGER
dc.descriptionCenter for Petroleum Studies (CEPETRO) particularly UNISIM Research Group
dc.descriptionDepartment of Energy of the School of Mechanical Engineering of the University of Campinas
dc.descriptionCoordination for the Improvement of Higher Education Personnel (CAPES)
dc.descriptionCoordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)
dc.languageEnglish
dc.publisherElsevier Science BV
dc.publisherAmsterdam
dc.relationJournal of Petroleum Science and Engineering
dc.rightsfechado
dc.sourceWOS
dc.subjectField Development
dc.subjectUncertainty Management
dc.subjectRobustness
dc.subjectProduction Strategy
dc.subjectSemi-deviation
dc.subjectReservoir Simulation
dc.titleRisk Management In Petroleum Development Projects: Technical And Economic Indicators To Define A Robust Production Strategy
dc.typeArtículos de revistas


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