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Research of Coalbed Methane Development Well-Type Optimization Method Based on Unit Technical Cost

Author

Listed:
  • Shiqun Li

    () (School of Business Administration, China University of Petroleum (Beijing), Beijing 102249, China)

  • Baosheng Zhang

    () (School of Business Administration, China University of Petroleum (Beijing), Beijing 102249, China)

Abstract

Coalbed Methane (CBM) is a high-quality unconventional energy resource. The successful development and utilization of a CBM resource needs to consider technical feasibility and economic viability. These factors are also necessary for the improvement of production safety in coal mines, reducing carbon emission, and optimizing energy structure. Because of its unique resource characteristics, surface drilling is the prevailing development approach all over the world. Directional and horizontal wells are generally the two major well-types for CBM development. Development well-type is an important factor affecting CBM efficient development, as it is a key factor in the process of the economic and effective development of CBM resource. In this paper, a method based on Unit Technical Cost (UTC) will be constructed from the perspective of economic viability, and will be used for more simple and accurate optimization of CBM. This method is used for practical well-type optimization in two major CBM development basins in China, and the application results prove that this method is scientifically accurate and feasible.

Suggested Citation

  • Shiqun Li & Baosheng Zhang, 2016. "Research of Coalbed Methane Development Well-Type Optimization Method Based on Unit Technical Cost," Sustainability, MDPI, Open Access Journal, vol. 8(9), pages 1-12, August.
  • Handle: RePEc:gam:jsusta:v:8:y:2016:i:9:p:843-:d:76684
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    References listed on IDEAS

    as
    1. Liang-Xin Li, 2013. "Toward A Strong Chinese Economy," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 3(7), pages 906-912, July.
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    4. Luo, D.K. & Dai, Y.J. & Xia, L.Y., 2011. "Economic evaluation based policy analysis for coalbed methane industry in China," Energy, Elsevier, vol. 36(1), pages 360-368.
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    More about this item

    Keywords

    Unit Technical Cost (UTC); well-type optimization; CBM development;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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