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Multi-stage goal programming models for production optimization in the middle and later periods of oilfield development

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Abstract

The present paper proposes two weighted goal-programming models for optimizing crude oil production in the middle and later periods of oilfield development. These models divide the oil yield optimization problem into two stages according to the characteristics of Chinese oil companies’ yield compositions. In the first stage, the total planned crude oil yield will be optimized by four sub-yields, while each sub-yield will be allocated optimally among different oil extract plants in the later stage. A case study is conducted to validate the proposed models. The results show that the model can address the annual crude oil yield planning subjectively. Moreover, the proposed model can rationally allocate resources among various extract oil plants and effectively reduce production costs in the context of ensuring planned oil yields.

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Acknowledgments

The authors gratefully acknowledge the financial support from the National Natural Science Foundation of China under Grant No. 71103016; the New Century Excellent Talents in University NCET-12-0952; and the China University of Geosciences (Wuhan) Takeoff Plan.

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Correspondence to Shiwei Yu.

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Yu, S., Zhang, S., Agbemabiese, L. et al. Multi-stage goal programming models for production optimization in the middle and later periods of oilfield development. Ann Oper Res 255, 421–437 (2017). https://doi.org/10.1007/s10479-015-1866-9

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