Combined stochastic and discrete simulation to optimise the economics of mixed single-horizontal and multilateral well offshore oil developments

ALMEDALLAH Mohammed,ALTAHEINI Suleiman Khalid,CLARK Stuart,WALSH Stuart

Table 3 Final optimization results of the initial single-horizontal development vs optimal multilateral configuration.

Well ID Targets Single-horizontal wells Multilateral wells Total drilling cost/$MM Platforms Total facility cost/$MM NPC/$MM Single-horizontal 20 20 0 228.7 4 327.12 16 410 Multilateral 20 0 10 145.7 2 218.80 18 607