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Prediction Model of Drilling Costs for Ultra-Deep Wells Based on GA-BP Neural Network

Wenhua Xu1,3, Yuming Zhu2, Yingrong Wei2, Ya Su2, Yan Xu1,3, Hui Ji1, Dehua Liu1,3,*

1 Petroleum Engineering College, Yangtze University, Wuhan, 430199, China
2 PetroChina Tarim Oilfield Company, Korla, 841000, China
3 Hubei Drilling and Recovery Engineering for Oil and Gas Key Laboratory, Wuhan, 430199, China

* Corresponding Author: Dehua Liu. Email: email

Energy Engineering 2023, 120(7), 1701-1715. https://doi.org/10.32604/ee.2023.027703

Abstract

Drilling costs of ultra-deep well is the significant part of development investment, and accurate prediction of drilling costs plays an important role in reasonable budgeting and overall control of development cost. In order to improve the prediction accuracy of ultra-deep well drilling costs, the item and the dominant factors of drilling costs in Tarim oilfield are analyzed. Then, those factors of drilling costs are separated into categorical variables and numerous variables. Finally, a BP neural network model with drilling costs as the output is established, and hyper-parameters (initial weights and bias) of the BP neural network is optimized by genetic algorithm (GA). Through training and validation of the model, a reliable prediction model of ultra-deep well drilling costs is achieved. The average relative error between prediction and actual values is 3.26%. Compared with other models, the root mean square error is reduced by 25.38%. The prediction results of the proposed model are reliable, and the model is efficient, which can provide supporting for the drilling costs control and budget planning of ultra-deep wells.

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APA Style
Xu, W., Zhu, Y., Wei, Y., Su, Y., Xu, Y. et al. (2023). Prediction model of drilling costs for ultra-deep wells based on GA-BP neural network. Energy Engineering, 120(7), 1701-1715. https://doi.org/10.32604/ee.2023.027703
Vancouver Style
Xu W, Zhu Y, Wei Y, Su Y, Xu Y, Ji H, et al. Prediction model of drilling costs for ultra-deep wells based on GA-BP neural network. Energ Eng. 2023;120(7):1701-1715 https://doi.org/10.32604/ee.2023.027703
IEEE Style
W. Xu et al., "Prediction Model of Drilling Costs for Ultra-Deep Wells Based on GA-BP Neural Network," Energ. Eng., vol. 120, no. 7, pp. 1701-1715. 2023. https://doi.org/10.32604/ee.2023.027703



cc This work is licensed under a Creative Commons Attribution 4.0 International License , which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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