Petroleum reserves
The operator’s deepwater discovery in the Gulf of Mexico is potentially commercial, and government analysis indicates the gulf holds 1.3 billion BOE more reserves than estimated.
This paper presents three examples covering both gas and oil fields at different stages of their lives that show how estimated ultimate recovery (EUR) and the corresponding range of EUR uncertainty varies over the life of each field.
Since the late 1930s, the offshore industry has advanced from the first platform in 14 ft of water to the ultradeepwater 20K era. Driven by seismic, drilling, and development breakthroughs, the industry has pushed into deeper waters, high-pressure reservoirs, and new frontiers like Guyana, continually expanding the limits of offshore exploration.
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The authors present a geology-driven deep-learning estimated-ultimate-recovery (EUR)-prediction model for multistage hydraulically fractured horizontal wells in tight gas and oil reservoirs. -
In drawdown management, operators can exert control over the downhole flow pressure, reservoir pressure, and choke size to avoid estimated ultimate recovery (EUR) losses.
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The need for cost and capital efficiency calls for careful integration of technical and commercial elements.
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This paper will examine ways in which Chance of Development (CoD) can be defined better, methods for its estimation, and its appropriate application along with common misuses.
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Members of SPE continue to share valuable and useful information through the more than 90 papers on reserves and asset management presented at various meetings, symposiums, and workshops this past year.
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The Guidelines for Application of the Petroleum Resources Management System (AG) document was issued in November 2011.
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Reserves- and resources-evaluation methods in unconventional reservoirs are different from those for conventional reservoirs.
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