Economic Evaluation of Applying the Technology of Water-Gas Stimulation of Formation to Enhance Oil Recovery

An algorithm is represented, which allows analyzing the feasibility of the technology of water-gas stimulation of formation to enhance oil recovery. The authors have logically identified three blocks of the data involved. The first block is the source data. The specifics are determined by a particular field and, accordingly, the water and gas consumption and the electricity tariff for the enterprise. Economic parameters are described as the equipment, project implementation, and depreciation costs. The accounted discount rate and property tax should be determined. The macro parameters that may affect the algorithm results have also been considered. I.e., the costs of the US Dollar and the Brent oil. Among the mining and geological parameters, the oil, water, and gas density have been considered, which determine, respectively, the consumption and the economic component of the project. © Published under licence by IOP Publishing Ltd.

Authors
Narozhnyy I. 1 , Narozhnaya E. 1 , Ilyenko A.2
Publisher
Institute of Physics Publishing
Number of issue
1
Language
English
Status
Published
Number
012035
Volume
720
Year
2021
Organizations
  • 1 RUDN, Mining Oil and Gas Department, Podolskoe avenue, 8-5, Moscow, Russian Federation
  • 2 Belgorod State Technological University Named after V.G. Shukhov, Kostukova st. 46, Belgorod, Russian Federation
Keywords
Density of gases; Earth sciences; Economic analysis; Taxation; Depreciation costs; Economic components; Economic evaluations; Economic parameters; Electricity tariff; Enhance oil recoveries; Geological parameters; Project implementation; Costs
Date of creation
20.07.2021
Date of change
20.07.2021
Short link
https://repository.rudn.ru/en/records/article/record/74353/
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