Changyuan Periphery Oilfield Economic Evaluation Method of Waterflood Potential Exploitation Measures

Jiawei REN, Xisheng ZHOU, Dong ZHANG


Changyuan periphery oilfield stable form of 5.2 million production requires fine waterflood to reduce the amplitude of production decline and relieve pressure. However, the effiency of Potential Exploitation Measures were uneven, affecting oil production and economic benefits. So there need to economic evaluation for measures and make measures adjustment. Assessed two different blocks’ economic through evaluated single oil and water well measures and the combined effect of blocks measures. Single well economic evaluation of oil and water wells measures include: measures validity, income, the incremental input-output ratio, payback period and efficiency 5 indicators. The combined effect of blocks measures evaluate by index P. In Changyuan periphery five demonstration area as an example, analysised of the best and worst economic effect of each blocks, and obtain a comprehensive evaluation results of the demonstration area. The evaluation results were consistent with actual situation, it should be widely applied.


Fine potential exploitation; Measure; Commercial efficiency; Effect evaluation

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