Reservoir Management: A Practical Guide

Reservoir management is essential for maximizing the economic benefit of hydrocarbon extraction while protecting the local population and environment. It involves acquiring and analyzing data from the subsurface, planned surface facilities, and contractual obligations to the end-user. A multi-skilled team of professionals is required, with geoscientists, engineers, and commercial analysts needed to address the issues as they arise. This book is designed as a guide for non-specialists involved in the process, enlivened by stories and case studies from the author's forty years of experience in the oil-patch.

Format: Hardback
Length: 288 pages
Publication date: 04 February 2021
Publisher: John Wiley and Sons Ltd

Reservoir management is a crucial aspect of hydrocarbon extraction, ensuring efficient and responsible operations while maximizing economic benefits for operators, license holders, and the central government. All stakeholders bear a social responsibility to protect the local population and environment. The reservoir management process begins after discovery and extends through appraisal, development, production, and abandonment. Each phase carries associated costs, and decision gates should be in place to ensure economic viability before progress is made. Accurate estimation of potential value at each stage requires comprehensive data acquisition and analysis from the subsurface, planned surface facilities, and contractual obligations to the end-user. This is particularly important for implementing improved recovery methods or extending field life. A multidisciplinary team of professionals, including geoscientists, engineers, and commercial analysts, is essential for successful reservoir management. The team's composition may evolve as different skills and expertise are required, and management strategies may need to adapt accordingly. This book serves as a guide for non-specialists involved in reservoir management, recognizing that it is a collaborative effort across all disciplines involved in transforming exploration success into a commercial asset. It emphasizes the importance of understanding the economics, geology, and engineering aspects of reservoir management to make informed decisions. Many explorers receive bonuses based on initial estimates of in-place hydrocarbons, regardless of the ultimate production costs. However, this book goes beyond a superficial understanding and delves into the complexities and challenges of reservoir management, providing valuable insights for professionals seeking to optimize their operations and maximize returns.

Weight: 508g
Dimension: 222 x 146 x 22 (mm)
ISBN-13: 9781119619369