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Techno-Economic Modelling of Tight Oil ProductionA Bottom-up Approach
Uppsala University, Disciplinary Domain of Science and Technology, Mathematics and Computer Science, Department of Information Technology.
2017 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

There has been a revolution in US oil production the last decade,mainly because of production of the unconventional tight oil, and itis therefore of great interest to be able to produce reliableforecasts on future supply.The aim of this study is to develop and explore a bottom-up well-bywellmodel for tight oil production. The model is based on theinherent physics and geology of the well, together with simplemicro-economic principles. The model is made to be modular, flexibleand well grounded in practicalities. It successfully manages toreplicate historical production profile of Eagle Ford Play both withand without economic parameters. This implies the suitability of abottom-up approach for this kind of task.The model also tries to look into the future. An exploratorysimulation result suggests that a large decrease and stagnation indrilling capacity gives a convergence in oil production to aconstant level. But, the decrease in drilling capacity does notcorrespond with the decrease in oil production. Also, a low level offuture oil price could give a hyperbolic decline in production ratewhich does not seem to level off within years.

Place, publisher, year, edition, pages
2017. , p. 31
Series
IT ; 16093
National Category
Engineering and Technology
Identifiers
URN: urn:nbn:se:uu:diva-320786OAI: oai:DiVA.org:uu-320786DiVA, id: diva2:1090802
Educational program
Master Programme in Computer Science
Supervisors
Examiners
Available from: 2017-04-27 Created: 2017-04-25 Last updated: 2017-04-27Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
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  • asciidoc
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