Optimal planning of oil and gas development projects considering long-term production and transmission

This paper proposes an integrated model for making a group of strategic decisions about oil and gas development projects simultaneously over a long-term planning horizon. These decisions involve: selection of field and pipeline development projects, scheduling of selected projects, production planning, and upstream transmission planning. The proposed model is formulated as a linear mixed- integer-programming model. It is implemented in a case study to demonstrate its usefulness and applicability in practice. Finally, a number of sensitivity analyses are carried out to analyze the impact of most influential uncertainties on the solutions and the corresponding results are discussed. (C) 2014 Elsevier Ltd. All rights reserved.