Model-based production optimization under geological and economic uncertainties using multi-objective particle swarm method

HIGHLIGHTS

  • who: Moshir Farahi Mohammad Mahdi et al. from the Faculty of Petroleum Engineering, Amirkabir University of, Hafez Ave, Tehran, Iran have published the article: Model-based production optimization under geological and economic uncertainties using multi-objective particle swarm method, in the Journal: (JOURNAL)
  • what: Net Present Value (NPV) is considered the first goal that represents the long-term gains while a highly discounted NPV (with a discount rate of 25%) has been considered short-term gains since economic uncertainty risk grows with time. In the limited reported case, the main focus is on the field . . .

     

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