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Journal of Applied and Industrial Mathematics

, Volume 10, Issue 4, pp 520–527 | Cite as

Mathematical modeling of economic indices for oil field development

  • Yu. K. Mizyakin
  • V. A. Mizyakina
  • N. A. Petrov
Article

Abstract

Under study is some mathematical model for quantitative evaluation of investment projects for development of oil fields at the stage of conceptual design. As the basis of such a model we suggest that the field is considered as a cluster of equitype elements of area pattern of oil wells. The model operates with the net present value as a continuous function of the process parameters and enables us to analyze a broad spectrum of possible options in implementing the investment project. Some important ratios between the technical and economic parameters are obtained in concise and practically suitable forms by application of operational calculus and the Laplace transform.

Keywords

oil field development strategy net present value Laplace transform 

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Copyright information

© Pleiades Publishing, Ltd. 2016

Authors and Affiliations

  • Yu. K. Mizyakin
    • 1
  • V. A. Mizyakina
    • 2
  • N. A. Petrov
    • 1
  1. 1.Samara Design and Research Institute on Crude Oil ProductionSamaraRussia
  2. 2.Samara State Aerospace UniversitySamaraRussia

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