The Comparative Economics of Thermal Recovery Projects

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Abstract/Contents

Abstract: In 1980, Williams, et al., developed a model for the economic evaluation of steamfloods and in-situ combustion recovery projects. This study retires and updates that work. The purpose of this study is two-fold. First, an attempt to predict the oil recoveries for the two thermal recovery methods was made. The Marx and Langenheim model was used to determine the ultimate oil recovery in a steam-injection project, while the Gates and Ramey oil recovered volume burned model was used to determine the oil recovery in an in-situ combustion project. Second, an economic analysis using theMonte-Carlo simulation technique was done for both methods. A discounted net present value was obtained from the oil recovery schedules to facilitate comparison between the two thermal methods. It was found that both methods are economically competitive.

Type of resource	text
Date created	February 1987

Author	Ramage, Wayne Edward
Primary advisor	Castanier, Louis
Advisor	Ramey, Jr., Henry J.
Degree granting institution	Stanford University, Department of Petroleum Engineering

Subject	School of Earth Energy & Environmental Sciences
Genre	Thesis

Location	https://purl.stanford.edu/cp821fx1106

Use and reproduction: User agrees that, where applicable, content will not be used to identify or to otherwise infringe the privacy or confidentiality rights of individuals. Content distributed via the Stanford Digital Repository may be subject to additional license and use restrictions applied by the depositor.

Preferred Citation: Ramage, Wayne Edward. (1987). The Comparative Economics of Thermal Recovery Projects. Stanford Digital Repository. Available at: https://purl.stanford.edu/cp821fx1106

Master's Theses, Doerr School of Sustainability

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