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Risk Assessment of Optimal Sidetrack Time

Orodu, O. D. and Ako , C. T. and Craig, A. J. (2013) Risk Assessment of Optimal Sidetrack Time. Petroleum Science and Technology, 31: . pp. 1585-1594. ISSN 109 1-6466 print/1532-2459 online

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Abstract

Optimal time of sidetrack is evaluated considering the uncertainties of reservoir variables as it affects production performance and economics based on the uncertainty associated with the sidetrack operation. Analytical production performance schemes are applied to study scenarios of production under natural decline and water-flood recovery using Monte Carlo simulation. Caution should be exercised on assumptions made to simplify the objective function, as it may not truly represent subsurface flow. Full evaluation of sensitivity of time to reservoir variables is possible using u proxy-model based on experimental design due to the complex physical phenomenon of subsurface flow.

Item Type: Article
Subjects: T Technology > TP Chemical technology
Divisions: Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 08 Nov 2013 19:24
Last Modified: 08 Nov 2013 19:24
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/1822

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