"Optimization In The Upstream Oil and Gas Industry"
The College of Sciences and Mathematics & The R. W. Yeagy Colloquium present: Optimization In The Upstream Oil and Gas Industry by Casandra McZeal ExxonMobil Upstream Research Company Monday, March 23 @ 3:30pm, Math Building 357 Although optimization has been used extensively in refineries since the 1950's, its use in other areas of the oil and gas industry such as exploration, development, drilling, and production has been relatively limited. Recent developments in optimization technology and the increasing complexity in the above-mentioned activities led to a renewed interest in optimization as an analysis and decision-support tool. This talk will provide an overview of the challenging optimization problems facing current and future oil and gas exploration and production activities. The resulting models cover almost all areas of optimization technology, from continuous to combinatorial, from linear to nonlinear and from deterministic to stochastic.