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- W2218248924 abstract "This chapter examines the economic aspects of gas gathering in the North Sea. The evaluation and optimization models developed for GGP by Scientific Control Systems Limited is described, and used to assess the economic significance of all the data. The Evaluation Model evaluates a prescribed configuration, defined by the location of each pipeline link, its internal diameter and its commissioning date. The model checks that there is enough capacity in each year to transmit all the gas available at all the fields connected to the systems and, if not, it rejects some gas. It then accumulates all gas flows, costs, and revenues, and prints tables summarizing the physical and financial consequences of the system. The Optimization Model uses integer programming to find the configuration that maximizes the net present value of the system at a chosen test discount rate. Some minor simplifications are made for computational convenience. It is found that if many alternative possible connections are specified for each node, the model may not find a guaranteed global optimum, but it always produces a good solution." @default.
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- W2218248924 date "1979-01-01" @default.
- W2218248924 modified "2023-09-25" @default.
- W2218248924 title "Economic Aspects of Gas Gathering in the North Sea" @default.
- W2218248924 doi "https://doi.org/10.1016/b978-0-08-024465-5.50017-8" @default.
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