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Abstract

Summary

In this manuscript, we present and compare the following optimization methods: ensemble optimization, a Sequential Monte Carlo Optimization method, and Powell’s derivative-free optimization. We also introduce a framework for comparing the computational time used by the different methods. The production optimization comparison is evaluated using the Drogon reservoir model prepared by Equinor. The results show that the ensemble-based optimization gives the highest objective value and is the fastest in computational time. However, Powell’s method requires fewer number of function evaluations.

© EAGE Publications BV
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/content/papers/10.3997/2214-4609.202510924
2025-06-02
2026-02-10

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References

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/content/papers/10.3997/2214-4609.202510924
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Comparing Three Different Methods for Production Optimization
Conference Proceedings 2025, 1 (2025); https://doi.org/10.3997/2214-4609.202510924
/content/papers/10.3997/2214-4609.202510924
/content/papers/10.3997/2214-4609.202510924
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