Petroleum Reservoir Management: Considerations and Practices

Petroleum reservoir management is a complex process that involves optimization of development objectives, investments, operational costs, and decision-making. This book emphasizes the importance of good project management, quantitative assessment of reservoir health, using good practices, and collaboration among team players to maximize benefits. It covers subsurface and surface management issues, project and price management factors, and macromanagement issues throughout the reservoir life cycle. The book is aimed at professionals and graduate students in petroleum and reservoir engineering, oil and gas companies, and environmental engineering.

Format: Paperback / softback
Length: 414 pages
Publication date: 25 September 2023
Publisher: Taylor & Francis Ltd

Petroleum reservoir management is a complex and multifaceted field that involves a range of considerations and practices to optimize development objectives, requisite investments, operational costs, and philosophy. It is deeply rooted in the dynamics of timely decision-making and requires a comprehensive understanding of the oilfield's life cycle.

Petroleum Reservoir Management: Considerations and Practices is a comprehensive book that exclusively addresses petroleum reservoir management based on actual field development experience. It emphasizes the role of good project management, the value of a quantitative assessment of reservoir health, the importance of using good practices, and the need for true collaboration among various team players to maximize the benefits.

The book expands the scope of reservoir management beyond field operations to boardroom discussions about capital financing, product pricing criteria, mechanisms, and strategies. It reviews subsurface and surface management issues, discusses project and price management factors critical to the oil industry, and describes macromanagement issues covering the reservoir life cycle from production to pricing.

One of the key features of the book is its emphasis on the role and significance of teamwork, open communication, and synergy in reservoir management. It recognizes that successful reservoir management requires collaboration among engineers, geoscientists, project managers, and other professionals from different disciplines. The book provides practical insights and strategies for building and maintaining effective teams, fostering open communication, and achieving synergy in reservoir management.

Another important aspect of petroleum reservoir management is the use of advanced technologies and techniques to enhance productivity and efficiency. The book discusses the latest developments in reservoir characterization, modeling, and simulation, as well as drilling and completion technologies. It highlights the importance of integrating these technologies with good practices and decision-making processes to optimize reservoir performance and achieve sustainable development.

Petroleum reservoir management is a critical component of the oil and gas industry, as it plays a significant role in determining the economic viability and sustainability of oilfield development. The book is aimed at professionals and graduate students in petroleum and reservoir engineering, oil and gas companies, and environmental engineering. It provides a comprehensive and up-to-date understanding of the field, covering key topics such as reservoir characterization, modeling, simulation, drilling and completion technologies, project and price management, and teamwork and synergy.

In conclusion, Petroleum Reservoir Management: Considerations and Practices is a valuable resource for professionals and graduate students in petroleum and reservoir engineering, oil and gas companies, and environmental engineering. It provides a comprehensive and practical understanding of petroleum reservoir management, emphasizing the role of good project management, quantitative assessment of reservoir health, the importance of using good practices, and true collaboration among various team players. The book's emphasis on teamwork, open communication, and synergy in reservoir management is particularly relevant in today's industry, where collaboration is essential for achieving sustainable development and maximizing the benefits of oilfield development.

Weight: 816g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367519278