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    Reserve Estimation

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    Muhammad Suleman
    The document discusses several methods for estimating hydrocarbon reserves: [1] The volumetric method calculates oil and gas reserves based on reservoir properties like area, thickness, porosity and saturation. [2] Material balance equations are based on mass balances and account for fluid expansion and compression from production. [3] Decline curve analysis uses production data over time to forecast future output. It compares the different methods and evaluates factors that introduce uncertainty to reserve estimations like reservoir characteristics, data availability, and assumptions used.

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    Reserve Estimation

    Uploaded by

    Muhammad Suleman
    359 views20 pages
    The document discusses several methods for estimating hydrocarbon reserves: [1] The volumetric method calculates oil and gas reserves based on reservoir properties like area, thickness, porosity and saturation. [2] Material balance equations are based on mass balances and account for fluid expansion and compression from production. [3] Decline curve analysis uses production data over time to forecast future output. It compares the different methods and evaluates factors that introduce uncertainty to reserve estimations like reservoir characteristics, data availability, and assumptions used.

    Original Description:

    Different methods of calculating hydrocarbon reserves and their comparison

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    The document discusses several methods for estimating hydrocarbon reserves: [1] The volumetric method calculates oil and gas reserves based on reservoir properties like area, thickness, porosity and saturation. [2] Material balance equations are based on mass balances and account for fluid expansion and compression from production. [3] Decline curve analysis uses production data over time to forecast future output. It compares the different methods and evaluates factors that introduce uncertainty to reserve estimations like reservoir characteristics, data availability, and assumptions used.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    359 views20 pages

    Reserve Estimation

    Uploaded by

    Muhammad Suleman
    The document discusses several methods for estimating hydrocarbon reserves: [1] The volumetric method calculates oil and gas reserves based on reservoir properties like area, thickness, porosity and saturation. [2] Material balance equations are based on mass balances and account for fluid expansion and compression from production. [3] Decline curve analysis uses production data over time to forecast future output. It compares the different methods and evaluates factors that introduce uncertainty to reserve estimations like reservoir characteristics, data availability, and assumptions used.

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    RESERVE

    ESTIMATION
    Different Methods to Calculate Reserves of
    hydrocarbons and their comparison
    Group Members

    Muhammad Suleman 2014-PET-03


    Hafiz Shoaib Maqbool 2014-PET-24
    Junaid Hussain 2014-PET-30
    Abdul Latif Shah 2014-PET-31
    Qaboos 2014-PET-40
    Content

    Reserve Estimation
    Volumetric Method
    Material Balance Method
    Decline Curve Analysis
    Comparison
    Introduction

    Reserves:
    Volume of hydrocarbons that can be recovered with profit with existing
    technology
    Importance of Reserve estimation
    Deterministic Model
    Probabilistic Model
    Types of Reserves

    1P Reserves 90% Probability


    2P Reserves 50% Probability
    3P Reserves 10% Probability
    Uncertainty in Reserve Estimation

    Factors affecting reserve estimation


    Reservoir type
    Source of reservoir energy
    Quantity and quality of the geological, engineering and geophysical data
    Assumptions adopted when making the estimate
    Available technology
    Uncertainty in Reserve Estimation
    Methods of Reserve Estimation

    Volumetric Method
    Material Balance Equation (MBE)
    Decline Curve Analysis (DCA)
    Reservoir Simulation
    VOLUMETRIC METHOD
    Volumetric Method to calculate reserves for oil and gas
    Volumetric Method for Oil Reservoir

    Simplest Method to calculated Hydrocarbon in place


    Reserves = Hydrocarbon in place * Recovery Factor
    For Oil Reservoir
    OIIP = 7758 Ah (1-Swi)/Bo

    OIIP = oil initial in place, stb


    A = area of reservoir, acres
    h = average reservoir thickness, ft
    = porosity
    Swi = connate water saturation
    Bo = oil formation volume factor, res bbl/stb
    Volumetric Method for Oil Reservoir

    Recoverable Oil = OIIP x Recovery Factor


    7758 1
    Recoverable Oil = x Recovery Factor

    Recovery Factor
    Recovery Factor for oil is given as

    1Sw Sg Boi
    R.F = 1
    1Sw Bo
    Volumetric Method for Gas Reservoir

    The equation to calculate gas in place is given as:


    G = gas in place, scf
    A = area of reservoir, acres
    h = average reservoir thickness, ft
    f = porosity
    Swi = water saturation
    Bgi = gas formation volume factor, ft3/scf
    This equation can be applied at both initial and abandonment conditions.
    Volumetric Method for Gas Reservoir

    Recoverable Gas = Initial gas Remaining Gas

    43560 1 43560 1
    Gp =

    1 1
    Gp = 43560 1

    MATERIAL BALANCE
    EQUATION
    Material Balance Equation

    MBE is based on simple mass balances of the fluids in the reservoir

    Expansion of oil
    Underground Expansion of Reduction in HCPV due to connate water
    = and original + +
    withdrawal (rb) gas cap gas rb , expansion and decrease in the PV rb ,
    dissolved gas rb ,
    Volume Changes in Reservoir
    Volumetric Undersaturated Oil
    Reservoir
    For volumetric under-saturated oil reservoirs the MBE takes the form

    F = N (Eo + Ef,w)

    N = initial oil in place, STB


    F = underground withdrawal = NpBo + WpBw
    Eo = oil expansion term = Bo Boi
    cw Sw + cf
    Ef,w = water expansion & formation compressibility term = Boi DP
    1 Swi

    and DP = Pi Pr
    Volumetric Gas Reservoir

    np = ni nf

    np = moles of gas produced


    ni = moles of gas initially in the reservoir
    nf = moles of gas remaining in the reservoir

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