Drilling and production wells are becoming more digitalized as oil and gas companies continue to implement machine learning and big data solutions to save money on projects while reducing energy and emissions. Up to now there has not been one cohesive resource that bridges the gap between theory and application, showing how to go from computer modeling to practical use. Methods for Petroleum Well Optimization: Automation and Data Solutions gives today's engineers and researchers real-time data solutions specific to drilling and production assets. Structured for training, this reference covers key concepts and detailed approaches from mathematical to real-time data solutions through technological advances. Topics include digital well planning and construction, moving teams into Onshore Collaboration Centers, operations with the best machine learning (ML) and metaheuristic algorithms, complex trajectories for wellbore stability, real-time predictive analytics by data mining, optimum decision-making, and case-based reasoning. Supported by practical case studies, and with references including links to open-source code and fit-for-use MATLAB, R, Julia, Python and other standard programming languages, Methods for Petroleum Well Optimization delivers a critical training guide for researchers and oil and gas engineers to take scientifically based approaches to solving real field problems.
- Bridges the gap between theory and practice (from models to code) with content from the latest research developments supported by practical case study examples and questions at the end of each chapter
- Enables understanding of real-time data solutions and automation methods available specific to drilling and production wells, such as digital well planning and construction through to automatic systems
- Promotes the use of open-source code which will help companies, engineers, and researchers develop their prediction and analysis software more quickly; this is especially appropriate in the application of multivariate techniques to the real-world problems of petroleum well optimization
