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Reservoir Management

Reservoir management involves coordinating many contributors to optimize recovery from oil and gas fields over their lifetime. It requires considering the entire reservoir system and setting strategies to maximize value. Different approaches are needed depending on the reservoir properties and drive mechanism. Risk and uncertainty are assessed through probabilistic methods like Monte Carlo simulation to inform development planning for primary and improved recovery methods. Ongoing surveillance is also important to optimize recovery and adjust plans based on new data.

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DJou Di
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610 views136 pages

Reservoir Management

Reservoir management involves coordinating many contributors to optimize recovery from oil and gas fields over their lifetime. It requires considering the entire reservoir system and setting strategies to maximize value. Different approaches are needed depending on the reservoir properties and drive mechanism. Risk and uncertainty are assessed through probabilistic methods like Monte Carlo simulation to inform development planning for primary and improved recovery methods. Ongoing surveillance is also important to optimize recovery and adjust plans based on new data.

Uploaded by

DJou Di
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Introduction to Reservoir Management: Provides an overview of reservoir management as a topic, indicating its popularity and scope in the field.
  • Key Concepts of Reservoir Management: Explains the fundamental processes, considerations, and roles of different contributors in reservoir management.
  • Reservoir Management Priorities: Covers how priorities in reservoir management evolve over the lifecycle of the field.
  • Different Reservoir Management Approaches: Compares proactive and reactive approaches in reservoir management with specific examples.
  • Outcomes of Good Reservoir Management: Lists and explains the positive outcomes achieved through effective reservoir management strategies.
  • Course Agenda: Presents an outline of topics covered in the reservoir management course, emphasizing key areas of learning.
  • Defining Value in Reservoir Management: Explores how value is defined and maximized within reservoir management practices and strategies.
  • Stakeholder Perspectives in Reservoir Management: Examines different perspectives of international and national oil companies regarding reservoir management.
  • Net Cash Flow Analysis: Delivers an analytical breakdown of net cash flow components relevant to reservoir management.
  • Complex Models and Calculations: Discusses advanced financial modeling and complex calculations used in reservoir management.
  • Risk and Uncertainty in Reservoir Management: Focusses on risk assessment tools and strategies to handle uncertainties in reservoir management frameworks.
  • Probabilistic Calculations: Details the probabilistic approaches used in evaluating uncertainties and making effective management decisions.
  • Uncertainty Reduction and Data Value: Emphasizes the importance of data in reducing uncertainty and enhancing management strategies.
  • Development Planning and Primary Recovery: Outlines essential elements of development planning for primary recovery phases.
  • Development Planning and Improved Recovery: Discusses strategies for enhanced and improved recovery methods in reservoir development.
  • Surveillance in Reservoir Management: Concludes with surveillance techniques employed in ongoing reservoir management.

Reservoir Management

introduction
Reservoir management is a popular topic
But what does Reservoir management
means ?
But what does Reservoir management
means ?
Reservoir management requires many
contributors
Because It Must consider the entire system
Reservoir Management Priorities Change
During Field Life
Reservoir Management Pyramid
Different Reservoir Management
Approaches
One Size Does Not Fit All

Each reservoir requires a specific


management process
Good Reservoir Management
Course Agenda
Reservoir Management

Defining Value
Setting strategies
Setting strategies
INTERNATIONAL Oil Companies (IOC’s)
NATIONAL Oil Companies (NOC’s)
Net Cash Flow Analysis
Net Revenue
Net Expenses and Local Taxes
Net Investment
Example Net Cash Flow Worksheet
Project Cash Flows
Time Value of Money
Discount Factor (DCF)
Compare the Discounted Values
Use NCF to find DNCF
Reservoir Management

Risk and Uncertainty Assessment


Assessing Risk and Uncertainty Means
We can Than decide to:
When would one…
Accept the Risk and take the Chance…
Appraise a Certain Situation…
Better to prepare contingency Plans…
Is the Risk Worth Taking?
Are contingency Plans the Way to Go?
The hardest Part
Potential Risks
Potential Risks
Potential Risks
Potential Risks
Define the Probabilities
Qualitative Assessment of Uncertainty and
Impact
What Did We Miss?
Reservoir Management

Probabilistic Calculations
Working With Uncertainty
Fundamentals of Distributions
Fundamentals of Distributions
Fundamentals of Distributions
Standard Deviation and Probability Ranges
Types Of Distributions
Selection of Distribution Functions
Selection of Distribution Functions
Methods For Combining Distributions
Combining Distributions
Monte Carlo Simulation
Combining Distributions
Monte Carlo Simulation
Combining Distributions
Six Statistical Rules
Six Statistical Rules
Determining Distribution Inputs
Uniform Distribution
Triangle Distribution
Adding Probability Ranges to Results
Parametric Method
Complex Models
Reservoir Management
Uncertainty Reduction and
the Value of Data
Appraisal and The Value of Data
What Do You Appraise For ?
What Do You Appraise For ?
What Do You Appraise For ?
General Procedure
Specific Examples
Specific Examples
Specific Examples
Specific Examples
When Have You Finished Appraising?
Appraisal Questions to be Asked
Reservoir Management

Development Planning
Primary Recovery
Element of a Field Development Plan
The Cost of Imperfect Knowledge
Spectrum of Reservoir Energies
Undersaturated Reservoir Performance
Recovery as Function of Formation
Compressibility
Compaction Drive
Production Characteristics of
Solution Gas Drive Reservoir
Production Characteristics of
Gas Cap Drive Reservoir
Poor Gas Cap Reservoir Management
Good Gas Cap Reservoir Management
Gas Cap Overrunning
Critical Rate to Avoid Overrunning
Production Characteristics of
Water Drive Reservoir
Water Drive Reservoir Types
Water Drive Reservoir Pressure Support
Recovery Efficiency
Reservoir Drive Mechanisms
Causes of Incomplete Recovery
Ways to improve Primary Efficiency
Volumetric Gas Reservoirs
Water Drive Can Reduce Recovery
Water-Drive Gas
Reservoir Management Strategies
Gas Condensate Reservoirs
Example: Cupiagua Field-Colombia
Cycling Gas Condensate Reservoirs
Example Gas Cycling Projects
Example Gas Condensate Reservoirs
Cycling Gas Condensate Reservoirs
Cycling Gas Condensate Reservoirs
Cycling Gas Condensate Reservoirs
Cycling Gas Condensate Reservoirs
Reservoir Management

Development Planning
Improved Recovery
Major Considerations for
Injection Processes
Mobility Ratio
Mobility Ratio Implications
Displacement Efficiency
Reservoir Forces and
Their Relative Strengths
Heterogeneity
Design Considerations
in a Displacement Process
Reservoir State Considerations
Waterflood Geometries
Waterflood Geometries (continued)
Water Source Considerations
Water Injectivity
Estimating Injection Recovery Factor
Waterflood Areal Sweep
Waterflood Vertical Sweep
Gas Injection In Oil Reservoirs
Water Alternating Gas (WAG)
Reservoir Floodability
What Would You Do?
Add Perforations and Infill Drill
Reservoir Management

surveillance

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