Time Series Model for the Rate of Penetration in a Reference Oil Well: Puerto Boyacá - Colombia Case
DOI:
https://doi.org/10.17230/ingciencia.11.22.7Keywords:
penetration rate, long memory process, ARFIMA model, optimizationAbstract
In this work, a time series control model was identified to describe the rate of penetration in a reference oil drilling well named V∗∗∗. The oil field development plan was named VEL (located in the Magdalena Medio Valley, municipality of Puerto Boyacá - Colombia). The fitted values of the identified model and its 95% confidence interval can be used to guide the wells drilling process for the same field in order to reduce uncertainty in operation times. It is necessary to make a comparative analysis between different ROP drilling processes to verify that the presented methodology can be used in the entire field.
MSC: 62F86, 62L12, 62M10, 62P30, 80M50
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