Production Plateau Optimization Method

In this study a Production Plateau Optimization Method (POM) is developed, which helps to find the optimum Net Present Value (NPV) and optimum Profitability index of the project as a function of plateau length for a given gas field. In this study a method is developed, which is based on simplified reservoir model, a field development plan and simplified economic modeling. The method can be used to screen project development concepts for a given gasfield in appraisal/concept selection and to help decision making. Concerning further practical implementation, this method will be used to evaluate any new gas fields in order to help decision making and determine the optimum field development concept and plateau duration within market and sales contract boundaries.