Description

Designed for you, if you are...

• A reservoir or petroleum engineer or a geoscientist responsible for the day-to-day management of reservoirs to improve their performance

How we build your confidence

• Power point presentations
• Interactive exercises
• Practical exercises on real field data to be solved with software (if available) or analytically
• Q&A

The benefits from attending

• Awareness of how to increase the asset value
• Applying the principles of sound reservoir management: How to plan field development and monitor reservoir performance
• Using the interdisciplinary collaboration to efficient reservoir management
• The importance of timing and cost vs. benefit analysis

Topics

• Course objectives
• Definition of Reservoir Management (RM)
• Concept of RM
• RM technology shift
• The importance of teamwork
• Sources and acquisition of reservoir data

• The 'old' sequential approach
• The 'new' integrated / iterative way of RM

• The importance of reservoir characterisation
• Knowledge check Q&A
• Getting to understand your reservoir
• What is important in data acquisition?

• The ultimate objective: Increase the value of assets
• Possible targets - optimise / maximise / accelerate production, reduce cost, decrease risks, contingency plans, flexibility
• Planning a field development - What are the key elements?
• Monitoring well / reservoir performance
• Evaluating results by comparison of actual performance against prediction

• Static and Dynamic Modelling: Review of available systems, selection on the methodology and software
• The importance of technical and technological competency
• Integration of geological, geophysical and engineering data
• Describing the reservoir: The static model
• Describing the reservoir behaviour: The dynamic model and reservoir simulation
• Probabilistic vs. deterministic reservoir modelling: Event solution
• Fluid characterisation: PVT modelling
• Reservoir surveillance: Monitoring performance and analysing the data, QC the reservoir understanding by actual well behaviour
• Setting reservoir for predictions
• Infill wells / sidetracks - where to drill?
• Well production / injection rates?

• Maximise value through ultimate recovery and improved recovery

• Production Optimisation Using Nodal Analysis Approach

• Techniques to maximise economic recovery, cost vs. benefit, bbl/$
• Minimising CAPEX, OPEX and risk
• Net cash flow
• How timing will affect the value
• Investment decision
• Project selection and revision

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