Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • Predicting production performance using a simplified model


    K. Fattah

    One of the most important tasks of the petroleum engineer is predicting the amount of oil and gas that will be recovered from a reservoir. Choosing the methodology is critical for accurate forecasts that are, in turn, vital for sound managerial planning. Decline curves are widely used to convey information about past production performance and to forecast future performance and reserves. A new model for decline curve analysis has been developed. The new model uses an exponential decline to extrapolate a hyperbolic decline to prevent unrealistically long lifetime and reserve estimates. INTRODUCTION Management needs to reduce the risks associated with decision making, and one of the ways in which this can be done is by anticipating future well performance more clearly. Extrapolation of production history has long been considered the most accurate and defendable method of estimating remaining recoverable reserve from a well and, in turn, a reservoir.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial


2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.


If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS

Upcoming Events