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ONLINE: Reservoir Management & Monitoring (RES932)

  • 1-4 March 20214 daysVirtual instructor-led course, OnlineCourse Fee: 1750 EUR + VAT

Description

This course gives you a better understanding of well & reservoir management and provides best practice examples how to manage your reservoir optimally to achieve a higher recovery factor.

Course Structure: 8 modules of max. 2 hours each, delivered over 4 days
Each day will consist of 2 modules which will be no more than 2 hours in length with ample time for delegates to break for refreshments.

Course Level: Skill
Instructor: Emina Buket Ulker

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

The course can be given at any level depending on the audience’s experience.

How we build your confidence

  • Power point presentations
  • Interactive exercises

The benefits from attending

By the end of the course you will feel confident in your understanding of:

  • 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

What do we mean by Reservoir Management?
  • Course objectives
  • Definition of Reservoir Management (RM)
  • Concept of RM
  • RM technology shift
  • The importance of teamwork
  • Sources and acquisition of reservoir data

What is new in Reservoir Management?
  • The 'old' sequential approach
  • The 'new' integrated / iterative way of RM

Reservoir Characterisation
  • The importance of reservoir characterisation
  • Getting to understand your reservoir
  • What is important in data acquisition?

Reservoir Management Process
  • 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

The Technology Toolkit: Understanding the Reservoir
  • 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
  • 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?

Recovery Methods
  • Maximise value through ultimate recovery and improved recovery

Adding Economic Value (optional)
  • 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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