This course provides a comprehensive overview of various techniques used in the management of an asset, throughout its lifecycle, from discovery to end of production.
Public :
Geoscientists, reservoir engineers, petroleum engineers, asset managers and economists involved in reservoir management and production optimization related activities.
Level :Awareness
Prerequisite :
Degree in geoscience or reservoir engineering.
Course Content
INTRODUCTION TO RESERVOIR MANAGEMENT
Objective of reservoir management.
Field development projects: an integrated effort.
DECISION MAKING PROCESS & BUSINESS ASPECTS
Decision making process of field development projects.
Fundamentals of petroleum economics and economic criteria (NPV, IRR…).
Reservoir characterization and geomodeling workflow.
Evaluation of Oil & Gas accumulations.
RESERVES EVALUATION
Review of Oil & Gas reservoirs production mechanisms and related expected recovery factors.
Review of methods for estimating recovery:
Analogs.
Material balance.
Decline curves analysis.
Dynamic reservoir simulation.
DATA ACQUISITION & RESERVOIR MONITORING FOR IOR/EOR
IOR/EOR definitions, facilities, planning and costs.
Cased hole logging (saturation logging, production logging…).
4D Seismic.
RISKS & UNCERTAINTIES
Introduction to risks and uncertainties:
Definitions. Notions of probability and of probability density function.
Decision trees.
Sources of uncertainties:
Structural uncertainties.
Geological uncertainties.
Reservoir uncertainties.
Uncertainty assessment techniques:
Monte-Carlo simulation.
Experimental design and response surface methodology.
Learning Objectives
Upon completion of the course, participants will be able to:
discuss main concepts of reservoir management from geology to hydrocarbon recovery and export point,
include each reservoir management component within the field development workflow and discuss the importance of timing and cost/benefit analysis,
describe and discuss decision making process of field development projects and related economical criteria,
define and discuss concepts of resources and reserves and their related classification and describe Petroleum Resources Management System (PRMS),
discuss main resources and reserves evaluation techniques,
describe main reservoirs monitoring techniques allowing to apply IOR/EOR methods and increase recovery,
discuss main concepts of risks and uncertainties and their integration into reserves evaluation.
Ways & Means
Interactive lectures and exercises.
To French entities : IFP Training is referenced to DataDock ; you may contact your OPCO about potential funding.
Please contact our disabled persons referent to check the accessibility of this training program : referent.handicap@ifptraining.com
IFPT Account
