Technical paper
Optimization of Natural Gas Processing Plants Including Business Aspects
A new method to determine the optimum performance of natural gas processing plants has been developed. This methodology reduces the overall plant material balance equations into a linear form using the volatility of components and product specifications. Simulator response modeling relates key process variables to plant performance satisfying the remaining unknown information from the material balance equations. Rigorous economics are subsequently applied to the process model. This technique adequately combines contractual terms, product prices, and process information to calculate the optimum set of operating conditions for the plant offline. It is also a valuable tool to analyze the economic impact of processing additional streams and investigating new potential contract scenarios.
A new method to determine the optimum performance of natural gas processing plants has been developed. This methodology reduces the overall plant material balance equations into a linear form using the volatility of components and product specifications. Simulator response modeling relates key process variables to plant performance satisfying the remaining unknown information from the material balance equations. Rigorous economics are subsequently applied to the process model. This technique adequately combines contractual terms, product prices, and process information to calculate the optimum set of operating conditions for the plant offline. It is also a valuable tool to analyze the economic impact of processing additional streams and investigating new potential contract scenarios.