Reservoir-Surveillance Data Creates Value in Fractured-Carbonate Applications

Determination of the value of information (VOI) is a well-known process for justifying data acquisition, but engineers struggle to extract relevant information from historical data to apply a Bayesian approach. The objective of this paper is to illustrate a methodology for identifying the VOI in reservoir management—in particular, for deriving the conditional probabilities of success when new and imperfect data are acquired.
Introduction
Managers tend to avoid costs and production losses related to data acquisition. Pressure and rate transient analyses (PTA and RTA) along extended production time allow reservoir characterization and understanding of near-wellbore characteristics; however, PTA and RTA alone do not provide pressure- and fluid-distribution prediction beyond the wellbore. Such a task requires integration with reservoir simulation.
The Role of Surveillance in Integrated Reservoir Management (IRM)
IRM defines the supervision of activities designed to manage subsurface hydrocarbon reservoirs. IRM frameworks have been deployed across assets around the world to ensure that reservoir-management goals are achieved or exceeded.
IRM has been proved to help (a) shorten learning curves, hence reducing total cycle time, resulting in increased productivity for an asset; (b) measure key performance indicators that allow integration of the correct multidisciplinary efforts in delivering consistent results; and (c) foster a culture that challenges the status quo continually.
If you would like to continue reading,
please Sign In, JOIN SPE or Subscribe to JPT
Reservoir-Surveillance Data Creates Value in Fractured-Carbonate Applications
01 September 2018
Analytical Study Examines Production of Multistage Horizontal Wells in the Bakken
Multistage horizontal well designs were first implemented in the Bakken in 2007. Since then, more than 12,000 wells have been completed in either the Middle Bakken or Three Forks zones.
Smart Robotic System Tracks Buried Pipelines, Inspects for External Damage
The complete paper describes the development of a smart robotic inspection system for noncontact condition monitoring and fault detection in buried pipelines.
Integrated Deepwater MPD Control System Increases Accuracy, Ease of Use
This paper presents lessons learned regarding design, testing, and installation of a completely integrated managed-pressure-drilling (MPD) control system on a deepwater drilling rig.
No editorial available
ADVERTISEMENT
STAY CONNECTED
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
ADVERTISEMENT
No editorial available
ADVERTISEMENT
ADVERTISEMENT