ABSTRACT
Previously, mathematical programming models for an early evaluation of a petroleum field have been developed. Among these is a mixed integer programming model, that incorporates a reservoir simulation and an economic evaluation model. This model is formulated in order to answer questions related to where wells should be drilled in order to get the best total value from the field development.
Motivated by the new technology in flexible platform systems, we make an extension of this model. In many cases, it is desirable to determine the value of a possibility to move a production platform. We develop a model to find when, if at all, the platform should be moved to another location on the field. We also present some experimental results illustrating the value of this feature.
