Reservoir Management Optimization Model Employing Combination Deterministic and Probabilistic Approach for Carbon Sequestration Storage and Utilization: A Case Study from East Natuna (original) (raw)

Day 3 Tue, November 30, 2021

Abstract

East Natuna is well known for its huge natural gas reserves with a very high CO2 content. The appearance of CO2 content in an oil and gas field is always considered as waste material and will severely affect the economic value of the field. The higher the content, the more costly the process, both technically and environmentally. In this research, the newly proposed reservoir management approach called CSSU (Carbon Sequestration Storage and Utilization) method is trying to change the paradigm of CO2 from waste material into economic materials. The novelty of this research is the combined optimization of deterministic and stochastic methods with the Particle Swarm Optimization (PSO) algorithm to answer complex and non-linear problems in the CSSU (Carbon Sequestration Storage and Utilization) method. The CSSU method is an integration of geological, geophysical, reservoir engineering and engineering economics with the determination of technical and economic optimization of the use of C...

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