The research work presented on this thesis provides an alternative tool for characterising oil fields under fluid injection by analysing historical production/injection rates. In particular polynomial and radial basis Non Linear Autoregressive with Exogenous Input Model (NARX) models were developed; these models were capable of capturing the dynamics of an operating field in the North Sea.
A Greedy Randomised Adaptive Search Procedure (GRASP) heuristic optimisation method was applied for estimating a future injection strategy. This approach is combined with a risk analysis methodology, a popular approach in financial mathematics. As a result, it is possible to estimate how likely it is to reach a production goal.
According to the simulations, it is possible to increase oil production by 10% in one year by implementing a smart injection strategy with low statistical uncertainty. Resulting from this research project, a computational tool was developed. It is now possible to estimate NARX models from any field under fluid injection as well as finding the best future injection scenario
