Economics of Improved Oil Recovery. The Optimal Recovery Factor from Oil and Gas Reservoirs

摘要

We investigate an oil company's optimal depletion of oil and gas reservoirs, taking into account that the depletion policy itself influences the recoverable reserves (recovery factor) and that we have up-front capital costs. The depletion policy is defined by the amount of investment in production and in injection projects. 6 refs., 8 figs., 2 tabs. (ERA citation 13:014078)