Economic Evaluation of Polymer flooding
Hi guys,
I am doing my masters dissertation on Economic and Feasibility Analysis of Polymer Flooding of onshore and onshore petroleum fields. I was wondering if someone did relative work in the past and would be able to help me with the workflow or just give me an example draft to go about this dissertation. I am confused what variables and parameters I need top focus on. Your help is really appreciated.
Regards,
Inam Ali
Re: Economic Evaluation of Polymer flooding
The workflow quite simple, but the data for this is very sensitive.
1. Make simulation model for for polymer flooding.
2.Run case with existing constrains ( amount of well, injection patterns etc)
3. Add polymer flooding and run simulation case
4. Calculate extra oil production you make from polymer flooding
5. Run economical model for that extra and get main economical parameters ( NPV, IRR, PVR, CashFlow)
6. Make a judgement wither it is profitable to invest or not but there is not only economical impact but also social impact to the old fields with existing infrastructure and people involved
The problem is to estimate the effect not only economical but also social
good luck