Solving the material balance equation in a context of uncertainty by the genetic optimization method

Abstract

The article proves that the solution of the material balance equation in conditions of a limited amount of information about small oil deposits must be carried out using the genetic optimization method. The use of the proposed algorithm management decisions risks reducing the in drilling and oil production in conditions of insignificant oil reserves allows to reduce the cost of production, which makes it possible to increase the pace of hard-to-recover reserves bringing into development and the degree of their development. Keywords: oil field development; oil reserves; well drilling; material balance method; genetic algorithm.