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Although principal-component analysis (PCA) has been applied widely to reduce the number of parameters characterizing a reservoir, its disadvantages are well-recognized.

As the role of reservoir-flow simulation increasingly affects existing operations and field-development decisions, it follows that rigor, fitness, and consistency should be imposed on the calibration of reservoir-flow models to dynamic data through history matching.

Nowadays, there is a wealth of history-matching methods. As a result, we observe that it is becoming a common industrial practice to generate multiple history-matched models, even for fairly complex problems with thousands of uncertainty variables and a large amount of data.

Decline-curve analysis (DCA) is arguably the most commonly used method for forecasting reserves in unconventional reservoirs. This paper discusses its basic theory and application, together with the potential pitfalls of using simple empirical production-forecasting methods in complex reservoirs.

The development of conventional reservoirs has typically involved minimal logging-while-drilling (LWD) technology, usually consisting of survey, gamma ray, and possibly resistivity tools.

The Reelwell Drilling Method (RDM) is a new technology developed to solve certain drilling problems and improve the operation margin for various applications.

FEI is a maker of high-powered microscopes whose growth plan in exploration and production includes building a service company.

For more than 50 years pressure transient tests have been used to model conventional reservoir properties in wells all over the world. In unconventional reservoirs, it was first assumed this kind of test could not be done; however, a sensitive pressure gauge technology makes it possible.

North America will transition from a net importer of energy to a net exporter this year, according to BP Energy Outlook 2035.

Allseas Engineering’s giant new offshore construction vessel has a new name, prior to its first job. What was once the Pieter Schelte is now the Pioneering Spirit.