In this study a
model was developed using least square method. This model
was tested for reliability and it was found to be reliable
for prediction. We now use this model for optimization of
oil production.The following reports was obtained after
Answer report: Oil produced original value was
and the final value was 1347,252, 519.25STB/Day.
Sensitivity Report: Allowable increase in liquid injected
was 32.19893491bbl/day and Allowable decrease in liquid
injected was 0.591566837bbl/day. Also Allowable increase in
water cut was 1E+30bbl and Allowable decrease in water cut
Limit Report: liquid injected lower limit -1.03228E-10bbl
and target result was not available and. The water cut
target was 0. 1347252519bbl.
It is evident that a real optimization model that can
optimize oil production for different amount of liquid
injected and water cut has been developed. Such a model can
provide the oil industries in the Country important
information about the sensitivity of the optimal solution.