System and tool to configure well settings for hydrocarbon production in mature oil fields

摘要

Configuring well settings may include determining schedules over a mid-term horizon for well settings for all or a subset of wells in an oil field. The schedule may be generated so that a performance metric for the considered horizon is maximized. An economic metric, for example, a net present value, and production metrics, for example, cumulative oil production, are considered. Minimum acceptable short-term and long-term metrics, for example, short-term and long-term cumulative field oil production, may be included as target/constraints.