This paper presents a method for making prudent business and technical decisions for surfactant flooding projects in spite of the uncertainty associated with reservoir properties, surfactant flood performance, and oil price forecasts. A hypothetical surfactant flooding project is used to demonstrate this method and each algorithm is explained in detail.

This method optimizes the operational decisions of a surfactant flood and presents the economic assessment of the project. The accuracy of this assessment depends on the uncertainty in the project but this method quantifies both the effect of this uncertainty and the financial risk.

Surfactant flooding is used as the example in this study but the algorithms can be applied to all oil & gas development projects.

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