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Quantifying Incremental Oil Production And Economics Of Using Intelligent Completion As A Tool For Reservoir Management
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CHAPTER 1
INTRODUCTION
1.1 INTRODUCTION
Reserves are the main
asset of the exploration and production (E&P) industry. Every
E&P firm aims at maximizing its total profit in the long run, hence
the industry aims at enhancing ultimate recovery of a field, cost
efficiently. However, most of the hydrocarbons in place are not
recovered; about 35% of hydrocarbons in place are recovered leaving
behind the remaining 65%. The need to improve recovery from the huge
amount of remaining hydrocarbons in place around the world requires
sound reservoir management practices.
Integrated reservoir management
is a continuous process and the key to successful operation of the
reservoir throughout its entire life. It requires the use of both
multi-disciplines and technological resources for maximizing profit. A
comprehensive reservoir management plan involves depletion and
development strategies, data acquisition and analyses, geological and
numerical model studies, production and reserves forecasts, knowledge of
facilities requirement and economic optimization. These can facilitate
better reservoir management which will enhance economic recovery of
hydrocarbons (Satter et al., 1994). Intelligent well completion forms
part of the overall vision of reservoir management optimization.
An
intelligent well completion (IWC) is completion system capable of
measuring, transmitting and analyzing wellbore production, reservoir and
completion integrity data, and enabling remote action; change valve
chokes and optimize these parameters to better control reservoir, well
and production processes (Eni, 2006 ). The concept of intelligent
completion does not generally refer to any capability for automated
self-control but rather manual interface to initiate instructions to the
well (Robinson, 2007).
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ABSRACT - [ Total Page(s): 1 ]Huge amount of hydrocarbon in place is left unrecovered. Integrated reservoir management, in addition to the use of new technologies improves hydrocarbon recovery. Intelligent completion is one of the technologies which enhance reservoir management thereby improving the hydrocarbon recovery.This work presents a review of intelligent completion technology, guidelines to evaluate the decision whether or not to implement intelligent completion and evaluates field cases of intelligent completion ins ... Continue reading---
