A significant development in production optimization is the increasing availability of digital information in association with advancements in 4-D seismic, intelligent completions, reservoir modeling, and simulation and production flow monitoring and control. Managing such an environment requires the accumulation of information and data about the changes taking place and using it to adjust operating parameters to optimize production.
Applications and technologies developed in recent years process this information and data
Figure 1. Basic PRODML optimization use case. (Image courtesy of Energistics)
and through adjustments in models or set...