Call for papers :

Submission Last Date 30/04/2018
Status Notification Within 2 Days
Submit Paper Online

Check Paper Status

Paper Status

News & Updates

IJAERD provides Hard Copy of Published Certificates of Publication to each author.

We have started accepting articles by online means directly through website. Article submission link is given on left side

IJAERD Provide Review card, Acceptance Letter and Fee Receipt without taking any extra charges

IJAERD invites research paper from various engineering disciplines for Vol.1 Issue 12 (Dec. - 2014) issue,

Conference Proceedings

National Conference on Emerging Trends in Computer & Electrical Engineering (ETCEE - 2014) March 7-8, 2014, Organized by Atmiya Institute of Technology and Science, Rajkot

National Conference on Recent Research in Engineering and Technology (NCRRET-2015) organizing by Dr. Jivraj Mehta Institute of Technology, Mogar-Anand

National Conference on Emerging Trends in Computer, Electrical & Electronics (ETCEE - 2015), March 13-14, 2015, Organized by Atmiya Institute of Technology and Science, Rajkot

Paper Details

Paper Title
Economic and Feasibility Studies using Particle Swarm Optimization for Petroleum and Gas Projects
High financial returns may be realized from oil and gas projects as a result of the high degree of risk due to high investment levels over a long period of time and high-tech resources. The capital allocation process and related decisions have a critical impact in final performance. A feasibility study is a tool for investigating the viability of the prospective projects. It is conducted on the very first stages of project development; to reveal whether or not the project is viable from all aspects.In this paper a proposed model, to maximize the profit using the net present value method, based on particle swarm optimization (PSO) technique is built to assess the overall viability for the petroleum and gas projects. Where theoverall viability for the petroleum and gas projects includes the operational, economic and financial feasibility studies. Theproposed modelis applied to aproject being conducted byEgyptian Petroleum Research Institute (EPRI)and the Academy for Scientific Research & Technology (ASRT). The total project budget is 20 million L.E. The costs are shared equally by EPRI and ASRT. The project financier is ASRT.The results are shown that the proposed model gives optimal solutions, which can be added as an alternative approaches for solving petroleum and gas projects evaluation problem. Moreover, the results of the proposed model indicated that the proposed model is robustness and reliable for evaluating the project under investigation.
Economic, Feasibility Studies,Thermal Enhanced oil recovery, Semi-pilot,Steamflooding, Optimization Technique, PSO,Petroleum and Gas Projects.
Others Details
Paper Id : 55309
Author Name : M. M. El-Sherbiny
Co-Author Name(s) : A. M. Al-SabaghS. A. El-TemtamyA. M. RagabM. A. Abo Shady
Volume/Issue No : Volume 04 Issue 07
Page No : 110-117
DOI Number : DOI:10.21090/IJAERD.55309
Publication Date : 2017-07-12
License : This work is licensed under a Creative Commons Attribution 4.0 International License.
website :
Impact Factor : 4.72, SJIF-2016
ISSN Details : eISSN: 2348-4470, pISSN:2348-6406