Econometric Models for the Production of Oil Deposits

Abstract:

As stated in our previous works, this paper is part of a larger research aiming to build up econometric models applicable in oil industry that may be useful for managers working in oil industry. Hence, in this paper discuss about models that describe two-dimension motion in homogenous porous environment. In the first part, the article deals with flat radial motion, when is considered an oil well that crosses the entire thickness of the productive wall and the productive layer is horizontal. Then, the paper deals with motion generated by an oil well eccentrically located in a circular contour supply deposit, when the motion generated by an oil well under the conditions mentioned in the first part, the only difference that the oil well is placed eccentric. These models will be useful tools for decision makers to an optimal management of the extraction process in an oil drilling and extraction unit.

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