| Author | Piyawat Tungtakul |
| Call Number | AIT Thesis no.OTM-10-04 |
| Subject(s) | Gas lift pumps
|
| Note | A thesis submitted in partial fulfilment of the requirement for the degree of Master of Engineering in Offshore Technology and Management, School of Engineering and Technology |
| Publisher | Asian Institute of Technology |
| Series Statement | Thesis ; no. OTM-10-04 |
| Abstract | This thesis studies the implementation of improving traditional method by using portfolio selection theory that generates several combination of gas lift injection rate. The objective is to consider each portfolio result with uncertainty that can make better decision than traditional method. The combination is estimated by considering more than one dimension such as the result uncertainty of each combination. The traditional method shows only optimizes production volume whether it can have consistent target or not after selecting the combination and it does not consider in term of the world economic such as oil price, gas cost, etc. If the traditional method (data given by WINGLUE simulation software) is applied by related staff, it is difficult to find the new optimal point by using the existing method, and it cannot tell the different confident level of each combination. As the results from case studies, the use of portfolio theory can guide related person to be aware of the uncertainties involved along with enhancing their efficiency in making good decision in order to gain better optimization of gas lift available than the existing method also the expected target is near the actual value or more consistent. In addition, the fast searching for new optimal point is achieved and can use for economic analysis. |
| Year | 2010 |
| Corresponding Series Added Entry | Asian Institute of Technology. Thesis ; no. OTM-10-04 |
| Type | Thesis |
| School | School of Engineering and Technology (SET) |
| Department | Department of Civil and Infrastucture Engineering (DCIE) |
| Academic Program/FoS | Offshore Technology and Management (OTM) |
| Chairperson(s) | Chiu, Gregory L. F.;Thitisak Boonpramote; |
| Examination Committee(s) | Suwat Artichanagorn; |
| Scholarship Donor(s) | RTG Fellowship; |
| Degree | Thesis (M.Eng.) - Asian Institute of Technology, 2010 |