Optimization and Analytics Proving Vital in Everyday Operations
At a recent global meeting of operations research and management sciences professionals in Houston, an ExxonMobil research executive stressed the importance of optimization and data analytics to company operations.
Production-Optimization Strategy Using a Hybrid Genetic Algorithm
The optimization algorithm used in this work is a hybrid genetic algorithm (HGA), which is the combination of GAs with artificial neural networks (ANNs) and evolution strategies (ESs).
Service Focus Changes the Cost per Barrel
During a protracted period of depressed prices in E&P, the customer focus for service companies and suppliers shifts to finding ways to reduce the cost of producing a barrel of oil.
Method for Adaptive Optimization of EOR Performance Under Uncertainty
The authors present a method to reduce uncertainty in EOR performance adaptively while identifying an optimal operational strategy for a given tolerance to risk.
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