Optimization Techniques for Oil and Gas Production

The need to efficiently produce oil and gas resources is ever increasing. A major challenge to this process is in finding optimal production trajectories that will maximize an overall venture profitability. This book covers theoretical fundamentals of optimization, and areas of application in oil and gas production. Specifically, genetic algorithm was applied to optimize petroleum production system. In addition, the principles of optimal control theory and model predictive control were employed to solve typical production optimization problems ¿ water flooding of reservoirs. Students, researchers and industrialists will find the book useful.