Assessment of Intelligence Effect on One of the Southwest Oil Fields in Iran on Reducing Water Production and Drilling Cost

The oil industry is one of the most significant strategic industries in countries with oil reserves. For this reason, politicians desire to know how to choose a condition with maximum exploitation but minimum cost. In recent years, most of the experts have been paying attention to intelligent oil fields owing to their advantages. Intelligent oil fields and operational integrated systems can reduce the number of drilling operations and as a result, lower the costs of drilling. On the other hand, intelligent equipment will decrease water production from the field, improve the quality of the produced oil, and reduce the costs of water production. This paper focuses on generalizing production data values and exploitation costs of the oil field, from the conventional field to an intelligent one. To this end, a model of the system dynamic was developed in VENSIM software to assess the effective factors on intelligent oil fields, the value of reducing water production, and lowering drilling cost in the intelligent state. Eventually, it was found out that the costs of drilling and water production are dependent on the price variation of each oil barrel, the percentage of the lack of equipment, and the power of current suppliers. The variation of each factor has a remarkable effect on the costs of drilling and water production with oil.