Reservoir Management; Uncertainties and Risks

By: Saad Ibrahim, P. eng.
Feb. 3-5 & Nov. 17-19, 2025

Course Objectives:

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.

Live Online:
TBA

Classroom:
$2,400 per person plus 5% GST

A new payment method is available: E-Transfer to accounting@petromgt.com
In the note to the payment, enter the name of the course and personal information.

This course is aimed at the reservoir, petroleum, and exploitation engineers/technologists, geophysicists, and geologists who are involved in field development and exploitation.

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 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.

Course Agenda:

Reservoir Management Model

  • The importance of integrating multi-disciplinary efforts
  • Use of reservoir management tools to maximize reserves and project’s NPV
  • Meeting current industry challenges; new technologies, oil price
  • How to assess geologic, drilling, well completion, and political! uncertainties/risks

Process of Reservoir Management

  • Setting goals
  • Steps of development plan
  • Data acquisition (case studies)
  • Execution of Development plan
  • Performance monitoring
  • Reservoir facies and heterogeneity (Case study)

Reservoir Management related to Rock Properties:

  • Porosity types, permeability: relative, absolute, effective
  • (Case study)
  • Rock wettability and impact on performance (Case study)

Reservoir Management related Fluid Properties:

  • Hydrocarbon classifications
  • Phase envelop and its application (class problem)
  • Fluid sampling and PVT analysis

Reservoir Management related to Reservoir Drives

  • Primary, secondary, and tertiary recovery schemes
  • Performance characteristics of different reservoir drive mechanisms
  • Evaluate the need for pressure maintenance (Case study)

Reservoir Management using Reservoir simulation

  • Basic concepts and methodology of reservoir simulation
  • Application of reservoir simulation to waterflooding (Case study)

Applications of Reservoir Management Tool:

  • Performance evaluation of waterflood projects; including the impact of geological reservoir facies identification (Case study)
  • The application of Multi-stage Fraced Hz Wells (MFHW) for waterflooding (Case study).
  • Review and screening of E.O.R schemes
  • Applications of polymer and surfactant flooding (Case study)

Economic Analysis and Risk assessment:

  • Basic economic formula
  • Time value of money and discount rates
  • Profit indices and applications of risk factors
  • Including risks in economic evaluation

Including risks in economic evaluation