Reservoir Management and Monitoring Life Cycle

The purpose of this five-day course is to help the participants understand how geoscientists and engineers work together to optimize the continuing development of a reservoir.

Participants will be provided with static and dynamic data for the field based on the first 20 wells drilled, and current data for all wells drilled. They will be shown how to assess how these reservoirs have performed over the first 20+ years of field life, how to map the distribution of remaining reserves and estimate their volume, and how to identify options to extend field-life by implementing a follow-up development plan that will increase the recovery factor from each reservoir.

The principles of sound reservoir management are presented with emphasis on practical applications. Actual case histories are used to study both successes and failures. An interdisciplinary synergistic approach to efficient reservoir management is detailed with the goal of optimized profitability. The significance of each component and the importance of timing and cost/benefit analysis are emphasized. Reservoir management models for optimum field development and field operating plans are analyzed. The interdisciplinary reservoir management approach shows how each technology or function contributes to the plan and how checks and balances are developed. Participants are encourage to bring their own laptop.

Course Objectives

Upon successful completion of this course, the delegates will be able to:

• Learn about the concepts, sources of expertise, data acquisition and data use in respect to reservoir management and the cycle integration, analysis and modeling of a reservoir
• Understand and familiarize with the reservoir management process
• Learn about the reservoir model, specifically the dynamics well model
• Learn about the production operations and surface facilities
• Learn on economics, net cash flow, time value of money, and investment decisions as well as project selection and revision
• Learn about reservoir monitoring (objects, short term, and mid-term planning)
• Learn about advanced decline curve analysis, material balance application, and water flooding
• Inadequate aquifer support leading to falling reservoir pressures, requiring pressure support
• Uneven aquifer support leading to fingering and the bypassing of oil in certain parts of the reservoir requiring infill drilling
• Apply the principles of sound reservoir management
• Use the interdisciplinary synergistic approach to efficient reservoir management
• Include each reservoir management component and the importance of timing and cost/benefit analysis
• Develop checks and balances

Who Should Attend?

This course is intended for all reservoir, production, and operations engineers, geologists, geophysicists, managers, experienced technicians, and service company personnel responsible for improving the performance of petroleum reservoirs.

Course Outline

Day 1
Reservoir Management: Process, Concepts, and Analysis

• Reservoir management process
• Concepts, sources of expertise, data acquisition, and data use
• Cycle, integration, analysis, and modeling
• Data Analysis, models, and Geo-Sciences Static Model

Day 2
Reservoir Model, Operation, and Facilities

• Reservoir model – Dynamics Well Model
• Production operations
• Surface facilities

Day 3
Financial Management

• Project evaluation
• Economics
• Net cash flow and time value of money
• Investment decisions
• Project selection and revision

Day 4
Reservoir Monitoring

• Reservoir Surveillance
• Pressure profiling
• Production logging, measurements, and interpretation
• Saturation monitoring
• Water control

Day 5
Reservoir Management Application

• Plan for a mature field and reservoir life cycle
• Reservoir environment and formation properties
• Quick Data analysis methods
• Reservoir modeling
• Advanced decline curve analysis, material balance application, and water flooding
• Applying reservoir management in a newly discovered field

Course Methodology

A variety of methodologies will be used during the course that includes:

• (30%) Based on Case Studies
• (30%) Techniques
• (30%) Role Play
• (10%) Concepts
• Pre-test and Post-test
• Variety of Learning Methods
• Lectures
• Case Studies and Self Questionaires
• Group Work
• Discussion
• Presentation

Course Fees

This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.

Course Timings

Daily Course Timings
08:00 - 08:20       Morning Coffee / Tea
08:20 - 10:00       First Session
10:00 - 10:20       Coffee / Tea / Snacks
10:20 - 12:20       Second Session
12:20 - 13:30       Lunch Break & Prayer Break
13:30 - 15:00       Last Session