Chapter 1: Reservoir Management Flashcards
The allocation of resources to optimize hydrocarbon recovery from a reservoir while minimizing capital investments and operating expenses
Reservoir Management
The objective of Reservoir Management is to determine the optimum conditions needed to _____ the economic recovery of hydrocarbons from a prudently operated field
maximize
Why simulate?
✓ For Cash flow prediction
✓ Coordinate Reservoir Management Activities
✓ Evaluate Project Performance
✓ To determine model sensitivity
✓ Estimate project life
✓ Predict Recovery vs Time
✓ Compare Different Recovery Processes
✓ Plan Development or operation changes
✓ Select and Optimize Project Design
It is where the information is integrated during the reservoir modeling process, and concept of the reservoir is quantified.
Simulator
It focuses on data integration to model reservoir architecture and flow properties
Reservoir Characterization
The simulator provides an _____
objective appraisal of hypothesis
Must sort through the various reservoir representations and seek consensus among all stakeholders.
Modeler
This is often done by rejecting one or more proposed representations
Sort
The _____ is a factor in the process, particularly when the data do not clearly support the selection of a single reservoir
representation from a set of competing representations
human element
Specialists from different disciplines will work together as a team to develop a meaningful reservoir model.
Management of Simulation Studies
What are the numerical simulation model that combines data sources to predict reservoir behavior
✓ Seismic Interpretation
✓ Geological Model
✓ Facilities
✓ Petrophysics
✓ Tubing Curves
✓ Fluid Properties
✓ Wells
✓ Model GRID Effects
✓ Calibration of Observations & Production Data Interpretation
What are the team development stages?
✓ Introductions
✓ Storming
✓ Norming
✓ Performing
Getting to know each other
Introductions
Team members disagree over how to proceed
Storming
Members set standards for team productivity
Norming
Team members understand
what each member can contribute and how the team works best
Performing
“_____ organization with members from different work areas who take on a project.“
Cross-functional
“One employee is accountable to _____, which can cause difficulties for managers and employees”
two or more superiors
How to alleviate potential problems?
✓ Each member of the team is assigned a different task.
✓All members work toward the same goal
✓ Team members should have unique roles to avoid redundant functions
What are the team leader characteristics?
✓ Significant technical skills
✓ Broad experience
✓ should have monetary authority over the project
✓ must avoid authoritarian control
What are the group characteristics?
✓ Members think they are grouped together for administrative purposes only
✓ Members focus on themselves
✓ They approach their job simply as hired hands
✓ Members recognize their interdependence
✓ they are committed to goals they helped to establish
✓ Members of a team should necessarily understand each other, respect each other, act as a devil’s advocate to each other, and keep each other informed
What are the Focus of Team Members
✓ Innovation and creation of value through the team approach
✓ Customer orientation with focus on “my output is your input”
