lesson 2 Flashcards
The allocation of resources to
optimize hydrocarbon recovery from
a reservoir while minimizing capital
investments and operating expenses
Reservoir Management
Why Simulate?
For Cash flow prediction
Coordinate Reservoir Management
Activities
Evaluate Project Performance
To determine model sensitivity
The simulator provides an
objective
appraisal of hypothesis
It is where the information is integrated during the reservoir modeling process, and concept of the
reservoir is quantified.
The non-uniqueness of the model means that there is _________ to perceive and represent available data.
more than one
way
Must sort through the various
reservoir representations and seek
consensus among all stakeholders.
The modeler
The modeler
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
Team development stages:
Team members disagree over how to proceed
“Storming”:
Team development stages:
Getting to know each other
Introductions:
Team development stages:
Members set standards for team productivity
“Norming”:
Team development stages:
Team members understand
“Performing”:
Project Management
Characteristics
organization with members from different work areas who take on a project.“
“Cross-functional
Project Management
Characteristics
“One employee is accountable to _________, which can
cause difficulties for managers and employees
two or more superiors
Group Characteristics:
“Members think they are grouped together for
administrative purposes
only.
Group Characteristics:
Members____________involved in planning the unit’s
objectives.
focus on themselves
Group Characteristics:
“Members recognize their ___________
and understand both personal and team goals
are best accomplished with mutual support.”
interdependence
Group Characteristics:
“Members feel a sense of ownership for their
jobs and unit because they are _________ they helped to establish.”
committed to goals
Focus of Team
Members________and creation of
value through the team approach
Innovation
Focus of Team Members
Customer orientation with focus on
“my output is your
input”
“Members of a team should necessarily
understand each other, respect each other,
act as a
devil’s advocate
“Members of a team should necessarily
understand each other, respect each other,
act as a
devil’s advocate
