The course content
The specific content of the course can be tailored to meet the needs of the attendees. This is an outline of the typical course:
Introduction to “Reservoir Management”
- What do we mean by reservoir management
- The sources and acquisition of reservoir data
- The “old” sequential approach
- The “new” integrated/ iterative way of reservoir management
- The primary importance of reservoir characterisation
The Reservoir Management Process
- The objective – increasing the value of a hydrocarbon asset
- Possible targets – decreased risk, greater and earlier production, reduced costs, added flexibility
- Planning field developments
- Monitoring reservoir performance
- Evaluating results by comparisons of actual performance with prediction
Understanding the Reservoir – the Technology Toolkit
- Review of popular systems for static and dynamic reservoir modelling
- The importance of applying the technology competently
- Integration of geological, geophysical and engineering data
- Reservoir characterization, describing the reservoir – the static model with static data
- Reservoir simulation, describing the reservoir’s behaviour – the dynamic model with dynamic data
- Reservoir surveillance – monitoring performance and analysing the data
Adding Economic Value
- Techniques to maximize economic recovery
- Minimising capital investment, operating costs and risk
- Economic impact of changes to operating plans
- How timing affects the value
Field case study
- Development and application of a reservoir simulation model for reservoir management, including upscaling, history matching, and reservoir performance prediction, field development planning and simple economic analysis.
- UK field development project.
- Group-based computer-aided exercise covering the development and monitoring of a large oil field.
- Data analysis, development of a reservoir simulation model, including upscaling and history matching.
- Application of the model to identify an optimum field development plan with simple economic evaluation.