The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jul. 29, 2014
Filed:
Jan. 20, 2009
Peter Gerhard Tilke, Belmont, MA (US);
Vijaya Halabe, Abingdon, GB;
Raj Banerjee, Abingdon, GB;
Tarek M. Habashy, Burlington, MA (US);
Michael Thambynayagam, Sugar Land, TX (US);
Jeffrey Spath, Missouri City, TX (US);
Andrew J. Carnegie, Kuala Lumpur, MY;
Benoit Couet, Belmont, MA (US);
William J. Bailey, Somerville, MA (US);
Michael David Prange, Somerville, MA (US);
Peter Gerhard Tilke, Belmont, MA (US);
Vijaya Halabe, Abingdon, GB;
Raj Banerjee, Abingdon, GB;
Tarek M. Habashy, Burlington, MA (US);
Michael Thambynayagam, Sugar Land, TX (US);
Jeffrey Spath, Missouri City, TX (US);
Andrew J. Carnegie, Kuala Lumpur, MY;
Benoit Couet, Belmont, MA (US);
William J. Bailey, Somerville, MA (US);
Michael David Prange, Somerville, MA (US);
Schlumberger Technology Corporation, Sugar Land, TX (US);
Abstract
A system for automatically optimizing a Field Development Plan (FDP) for an oil or gas field uses a fast analytic reservoir simulator to dynamically model oil or gas production from the entire reservoir over time in an accurate and rapid manner. An objective function defining a Figure of Merit (FoM) for candidate FDPs is maximized, using an optimization algorithm, to determine an optimized FDP in light of physical, engineering, operational, legal and engineering constraints. The objective function for the Figure of Merit, e.g., net present value (NPV) or total production for a given period of time, relies on a production forecast from the fast analytic reservoir simulator for the entire FDP.