Simulation of Oil Production with Simultaneous Inclusion of a Hydrocarbon Constituent Driven Random Environmental Perturbation Value of 0.08

Abstract

A numerical simulation of two non?linear first order differential equations that described crude oil production with simultaneous inclusion of a hydrocarbon constituent driven random environmental perturbation value of 0.08 was investigated. The study adopted a twine MATLAB solution program to simulate the effect of varying a model parameter value on the quantity of crude oil that is produced in the two connecting crude oil wells. The inclusion of a hydrocarbon constituent driven random environmental perturbation value of 0.08 on the growth rate of the quantity of crude oil produced into the two interacting crude oil wells indicate a dominantly associated increase in the quantity of crude oil that is produced in the unit of millions of barrels as the length of production in the unit of days changes for every thirty (30) days scenario. This result implies that a strong or higher hydrocarbon constituent could lead to a relatively bigger volume of crude oil that is produced for the purpose of enhanced and better revenue derivation from the oil sector. Agencies of the Government that is responsible for the management of oil production in Nigeria should therefore adopt measures that will improve the quality of the hydrocarbon constituent for the purpose of sustainability of the nation’s treasury for national growth and development.

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