Optimization of Oil Production using PROSPER software, Case Study

Abstract

This paper explains the production optimization of two wells from oil field using the Prosper software. By building the wells production models, and then pointing out their depletion time using the decline curve analysis to set the deadline for implementing the artificial lift method. Then the project will work on designing different artificial lift methods using the Prosper software. and technically choose the optimum most suitable design for each well and evaluate the chosen suitable design using economic analysis, in order to insure the project feasibility and as well as to define the chosen design total cost. Finally, the economic analysis is used to build different scenarios at different uncertain conditions for each design, in order to set the deadlines for implementing the chosen design in some conditions. The Electrical submersible pumps are highly recommended to solve the future natural production disability problem for the studied wells