Reservoir Management: Uncertainties and Risks (RES 438)

RES 438

Reservoir Management: Uncertainties and Risks

Reservoir management is the most effective tool to maximize the Expected Ultimate Recovery (EUR) of hydrocarbons. Assessing the uncertainties and risks are critical to the success of all projects. Emphasis is placed on the benefits of integrating multi-disciplinary talents to avoid any potential pitfalls and ensure project success. Reservoir Management is an evolving process that is implemented form the start of projects until field abandonment.

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COURSE SCHEDULE

Code	Date	Location	price (€)*
RES 438	21 – 23 Oct 2024	Online	1590
RES 438	9 – 11 Dec 2024	Online	1590
RES 438	7 – 9 Oct 2024	London	2990
RES 438	25 – 27 Nov 2024	Muscat	2990

* Prices are subject to VAT and local terms. Ph.D. students, groups (≥ 3 persons) and early bird registrants (8 weeks in advance) are entitled to a DISCOUNT!

COURSE OVERVIEW

The course emphasizes the significance of the reservoir management principles; using multi-disciplinary 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 OUTLINE

3 days

Day 1

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
Process of reservoir management
Setting goals
Steps of development plan
Data acquisition
Execution of development plan

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

Reservoir management related to reservoir drives
Primary, secondary, & tertiary recovery schemes
Performance characteristics of different reservoir drive mechanisms
Reservoir management using reservoir simulation
Basic concepts and methodology of reservoir simulation
Application of reservoir simulation to waterflooding

Day 4

Application of reservoir management tool
Performance evaluation of waterflood projects
Economic analysis and risk management
Basic economic formula
Time value of money & discount rate
Including risks in economic evaluation

INSTRUCTOR

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; analyzed over 20,000 tests worldwide. Mr. Ibrahim is a member of APEGA and SPE.

FAQ

DESIGNED FOR

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

COURSE LEVEL

Intermediate

LEARNING OBJECTIVES

After completing this course, participants will

How to recognize geological and engineering, regulatory rules risks and uncertainties, further how to mitigate these risks.
learn how to effectively apply the process of reservoir management.
Have how to integrate the technical and financial knowledge to ensure the highest project NPV is achieved.
Get familiar with available technology and techniques such as waterflooding, EOR , and Hz well applications and how to implement them in your projects

REGISTER

Registration is now OPEN!

Ph.D. students, group and early bird registrants are eligible to DISCOUNT!

For more details and registration please send email to: register@petro-teach.com

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