Reservoir Management; Uncertainties and Risks

COURSE DESCRIPTION

The course emphasizes the significance of the reservoir management principles; using multidisciplinary synergy and team efforts, to make sound decisions. The various tools needed for everyday decision-making are provided: How to plan data acquisition programs? What kind of data is needed? How to characterize various reservoirs, by a better understanding of geology, rock/fluid properties, reservoir drives, and Expected Ultimate Recoveries (EUR). How to use the data as a reservoir management tool? How to increase ultimate recovery & projects’ NPV’s? The theory and practical concepts of reservoir management are explained through numerous interesting real-life case studies throughout the course. Prepare field development and depletion strategy (primary and EOR recoveries) with emphasis on the bottom line results, including economic and risk assessment. The course hand-out, which is an excellent reference, will be provided.

COURSE LEVEL

Intermediate

LEARNING OBJECTIVES

After completing this course, participants will

  • how to geological and engineering, regulatory rules risks and uncertainties, further learn how to effectively apply the process of reservoir management.
  • Have how to integrate the technical and financial knowledge to ensure the highest NPV is achieved.
  • Get familiar with available technology and techniques such as waterflooding, EOR . and Hz well applications

COURSE REGISTRATION/DATE

Feb 5-7, 2024

Register at:pmg@petromgt.com

This course is aimed non-engineering professionals involved in the oil industry and also for junior exploitation engineers/technologists, and geologists.

Daily Agenda:

Day 1:

Reservoir management model

  • The importance of integrating multidisciplinary efforts
  • Use of reservoir management tools to maximize reserves and project’s NPV

Day 2:

  • Reservoir management related to rock properties
  • Porosity types, permeability: relative, absolute, effective
  • Reservoir management related to fluid properties
  • Hydrocarbon classifications
  • Phase envelope & its application

Day 3:

  • Primary, secondary, & tertiary recovery schemes Performance characteristics of different reservoir drive mechanisms
  • Reservoir management using reservoir simulation
  • Basic concepts and application of Hz wells, fracing, and EOR applications
  • Economic analysis and risk management
  • Time value of money & discount rates
  • Discount rate, Including risks in economic evaluation

Mr. Saad Ibrahim
P. Eng, president of Petro Management Group Ltd.

He has over 35 years of diversified experience in the oil and gas Industry and known as a worldwide highly recognized engineering consultant and a distinguished instructor.

He also completed a post- graduate program with the University of Calgary in Chemical and Petroleum Engineering. The focus of Mr. Ibrahim’s experience lies in the area of Reservoir management, and well test planning/analysis. Mr. Ibrahim is a member of APEGA and SPE.