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Reservoir Management: A Practical Guide

By (author) Steve Cannon

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Reservoir management is fundamental to the efficient and responsible means of extracting hydrocarbons, and maximising the economic benefit to the operator, licence holders and central government.â€¯ All stakeholders have a social responsibility to protect the local population and environment.â€¯ The process of managing an oil or gas reservoir begins after discovery and continues through appraisal, development, production and abandonment; there is cost associated with each phase and a series of decision gates should be in place to ensure that an economic benefit exists before progress is made.â€¯ To correctly establish potential value at each stage it is necessary to acquire and analyse data from the subsurface, the planned surface facilities and the contractual obligations to the end-user of the hydrocarbons produced.â€¯ This is especially true of any improved recovery methods proposed or plans to extend field life.â€¯ To achieve all the above requires a multi-skilled team of professionals working together with a clear set of objectives and associated rewards.â€¯ The teamâ€™s make-up will change over time, as different skills are required, as will the management of the team, with geoscientists, engineers and commercial analysts needed to address the issues as they arise.â€¯Â This book is designed as a guide for non-specialists involved in the process of reservoir management, which is often treated as a task for reservoir engineers alone: it is a task for all the disciplines involved in turning a exploration success into a commercial asset.â€¯ Most explorers earn their bonus based on the initial estimates of in-place hydrocarbons, regardless of the ultimate cost of production; the explorers have usually moved on to a new basin before the first oil or gas is produced!Â This book is not a deeply academic tome, rather the description of a process enlivened by a number of stories and case studiesÂ from the authorâ€™sÂ forty years of experience in the oil-patch.Â

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Paperback / softback
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