Reservoir Management Overview

Course Duration: 2 days | Time: 8am to 4pm | Course Locations: Lagos, Houston, San Diego, Bali

Register Now

The course is designed to address key business issues and basic technical workflows that are required to maximize economic value of an oil & gas asset thru efficient reservoir management. The course will elaborate underlying concepts and the basic techniques used in modern reservoir management by asset teams. Participants will learn the basic theory behind all aspects of reservoir management, from the acquisition of data during reservoir surveillance, integrating the static and dynamic data and incorporating data in reservoir models to make production/intervention decisions. The reservoir model, production operations, and reservoir management economics will also be discussed. The significance of each component and the importance of value of information, timing and cost/benefit analysis will be emphasized. In addition to imparting basic technical understanding, practical tips and insight will be imparted to participants on basic oil & gas value chain, reserves estimation, economic assumptions, development planning and risk management strategies during reservoir management of oil and gas assets. Case histories will be presented to illustrate principles of sound reservoir management for new fields, mature fields, waterfloods, and enhanced recovery projects. Participants are encouraged to give a 15 minutes presentation of own challenges and blockers to increase production and reserve.  Four will be selected.  All selected presentations will receive feedbacks from instructors and other participants.
The course will cover the following six modules:
1.Reservoir Management: Introduction, Concepts and Processes Business concepts, value chain, economic assumptions Risk and Uncertainty Decision-Making with Uncertainty, Risk Management strategies Value of Information (Appraisal & Intervention) Integrated, interdisciplinary team for Reservoir Management Planning, implementing, monitoring, and evaluating reservoir performance Field development and operating plans to maximize value
2.Reservoir Surveillance and Performance Analysis Acquisition and analysis of production and pressure data Well Testing, Fluid Sampling Pressure profiling Production Logging: measurements and Interpretation Saturation Monitoring Reservoir performance analysis o Fluid Displacement and Fractional Flow o Reservoir Mechanisms o Impact of Gas Cap and Aquifers Identifying and acquiring critical data for Reservoir Management Cost/Benefit Analysis using VOI for data acquisition
3.Reservoir Characterization, Risk & Uncertainty Seismic Data, Depositional Environments and Systems Reservoir Description at Pore scale, Meso scale and Macro scale Reservoir Connectivity: compartmentalization, contacts, seals, faults, fractures Well Data, Petrophysical Analysis, MDT/RFT Core, Fluid and PVT Data Uncertainty and Risk Management Strategy
4.Reservoir Modelling Building the Reservoir Model: Static and Dynamic Construction of Well Model Calibrating the Model Predicting performance Application to Field Development and Depletion Plan
5.Application of Reservoir Management to Maximize Asset’s Value Preparation of Field Development and Depletion Plan for Maximizing value of Asset Well Design and Completions: Drill well assessment and completion strategy Field implementation of Reservoir Management Plan-Production operations & Surface facilities Economic Impact of current operating plan vs, IOR/EOR Project Evaluation, Selection and Investment Decisions Steps to Maximizing economic recovery and minimizing capital investment, risk, and operating expenses
6.Case Studies & Class Exercises
New field – Primary Recovery Waterflood Enhancement Mature field – Tertiary Recovery Class presentations Class exercises
Anyone who is interested in maximizing economic oil recovery from their oil and gas assets through systematic surveillance, data analysis and intervention using latest technologies. Asset Managers, Asset Team Leaders, Reservoir/Production Engineers, Operations Engineers and Geoscientists