Reservoir Characterization and Management

duration: 5 days
format: Virtual course
level: Intermediate
accreditation: CPD

$2,999.00

The course provides a good understanding of the concepts and tools that can contribute to improving reservoir management by making it a multi-disciplinary process. It will give participants:

  • Awareness of how to increase the value of a hydrocarbon asset.
  • Knowledge of how to plan field developments and monitor reservoir performance.
  • An introduction to the technology and techniques involved in reservoir characterisation, simulation and surveillance.

The course is designed for

Petroleum and Reservoir Engineers and some experienced Geo-Scientists responsible for the day-to-day management of reservoirs.

Learning objectives

Upon completion of the course, participants will be able to:

  • Discuss the workflow for developing and managing Oil & Gas fields.
  • Discuss and apply best practices for developing and managing Oil & Gas fields through hands-on workshops and case studies.
  • Maximize value creation of Oil & Gas assets by optimizing technical and economic resources while taking into account uncertainties.

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:

DAY 1

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

DAY 2

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

DAY 3

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

DAY 4

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

DAY 5

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.

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