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Mathematical modeling of economic indices for oil field development
Y. K. Mizyakina, V. A. Mizyakinab, N. A. Petrova a Samara Design and Research Institute on Crude Oil Production, 18 Vilonovskaya str., 443010 Samara
b Samara State Aerospace University, 34 Moskovskoe shosse, 443086 Samara
Abstract:
We construct a mathematical model for the quantitative estimation of investment projects for developing oil fields at the stage of conceptual design. As the base of such a model we use the concept in which the field is considered as a cluster of single-type elements of an area well pattern. The model operates on the net present value as a continuous function of the process parameters and enables us to analyze a broad spectrum of possible options in implementing the investment project. Many important relations between the technical and economical parameters are obtained in a concise and practically suitable form through the application of operational calculus and the Laplace transform.
Keywords:
oil field development strategy, net present value, Laplace transform.
Received: 30.11.2015
Citation:
Y. K. Mizyakin, V. A. Mizyakina, N. A. Petrov, “Mathematical modeling of economic indices for oil field development”, Sib. Zh. Ind. Mat., 19:4 (2016), 61–69; J. Appl. Industr. Math., 10:4 (2016), 520–527
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https://www.mathnet.ru/eng/sjim939 https://www.mathnet.ru/eng/sjim/v19/i4/p61
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Abstract page: | 214 | Full-text PDF : | 93 | References: | 40 | First page: | 2 |
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