International scientific journal

ISSN: 2663-0419 (electronic version)

ISSN: 2218-8754 (print version)

International scientific journal

ISSN: 2663-0419 (electronic version)

ISSN: 2218-8754 (print version)

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SCImago Journal & Country Rank

Identification of optimal allocation of investments and assignment of enhanced oil recovery methods by sites of long-term exploitable oilfields

M.T.Abasov, U.O.Ahmadov, V.M.Valiyev, S.I.Guliyev, K.S.Mamedov

Institute of Geology and Geophysics of Azerbaijan National Academy of Sciences, AZ1143, Baku, H.Javid av., 119

Summary

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The developed model is an economic-mathematical model of defining the optimal selection of the method to increase the oil pool recovery by sites and defining the distribution of investments among these sites in various oilfields. This enables identification of potential additions to recoverable oil reserves depending on volume of investments.