Productivity And Economical Feasibility Of Multi Lateral Wells In Comparison Of A Horizontal Well

Abstract

This paper presents an economical model developed for assessing the feasibility of drilling multi lateral holes for exploiting oil reservoirs. Detailed equations are given for calculating the cost, return on investment and discounted net present value over the production life of the oil reservoir. Equations for calculating production rate and predicting the future production performance of multi lateral holes have been introduced. A comparison between horizontal well and multi lateral holes is also included. The model is used for choosing the best technique needed to develop oil reservoirs taking into consideration the maximum profit of the investment.