Technical and economic estimation of oil field potential under long-term investment planning

Abstract

Design, adaptation and adoption of new technologies is one of the highest priorities for oil companies. In Gazprom Neft PJSC technological projects aimed on improvement of oil and gas fields development were consolidated into a single document called “Technological Strategy”. The implementation of new technologies allows to reduce the capital and operating costs, increase production, develop new reserves and will have a significant impact on the field development. Long-term investment planning considering technological improvement allows to identify key technological projects, find the way to develop currently unprofitable reserves and set new goals for technological improvement. Calculation of the technological improvement effect requires to consider the interference and synergy of different technological projects. This article considers a complex approach to calculate the influence of technological improvement in a long-term planning of field development.