21
1 Schlumberger EOR Competition The Le'af Presented by: Chan Y Loo Floyd Goh

Final Leaf

Embed Size (px)

DESCRIPTION

eor

Citation preview

Page 1: Final Leaf

1

Schlumberger EOR Competition

The Le'afPresented by: Chan Y Loon

Floyd Goh

Page 2: Final Leaf

2

Executive Summary

Net Present Value (NPV) : 389 541 571Incremental NPV : 95 244 400 (32%)EOR Method/s used : Water + Polymer InjectionOil Recovery : 41.5 %Wells: - Producers: Existing – 9, Additional - 3- Injectors : 7 No. of Production Years: 25 years 5 months

Page 3: Final Leaf

3

Agenda

ExecutiveSummary

InitialReservoir Condition

FutureProductionConstraints

DevelopmentStrategy

OutputProfiles

Conclusion

Page 4: Final Leaf

4

Initial Reservoir Condition

Oil Saturation Map

Page 5: Final Leaf

5

Initial Reservoir Condition

Number of Wells:- Oil Producers: 7- Gas Producers: 2Recovery Factor: 12%Oil Production Rate: 300 STB/DayInitial Reservoir Pressure: 5287.6 psia at GOCInitial Oil in Place: 26 MM STB

Page 6: Final Leaf

6

Future Production Constraint

Additional of Wells:- Well conversion/addition- Fault existence

Field Production Constrains- Maximum Oil Production Rate: 2100 STB/Day- Minimum Oil Production Rate: 200 STB/Day

Page 7: Final Leaf

7

Development Strategy

Reservoir Studies

Well Location &

Arrangement Pattern

Types of Well Determinatio

n

IOR / EOR Methods

used

Economic Value

Page 8: Final Leaf

8

Development Strategy

Reservoir Studies

Well Location &

Arrangement Pattern

Types of Well Determinatio

n

IOR / EOR Methods

used

Economic Value

Page 9: Final Leaf

9

Well Location & Well Arrangement

7 – Point & Inverse 4 – Point System

Page 10: Final Leaf

10

Development Strategy

Reservoir Studies

Well Location &

Arrangement Pattern

Types of Well Determinatio

n

IOR / EOR Methods

used

Economic Value

Page 11: Final Leaf

11

Types of Well Determination

Less costly- Vertical Well: $ 1M- Horizontal Well: $ 3M

Theoretically, horizontal well is higher in efficiency.- However, our simulation show horizontal well has lower recovery.

Page 12: Final Leaf

12

Development Strategy

Reservoir Studies

Well Location &

Arrangement Pattern

Types of Well Determinatio

n

IOR / EOR Methods

used

Economic Value

Page 13: Final Leaf

13

IOR & EOR Methods Used

Natural Drive : Water & GasImproved Oil Recovery : Water InjectionEnhanced Oil Recovery: Polymer

Why Polymer is Chosen?- Improved front displacement.- Reduced water cut. - Reduced the contrasts in permeability by plugging high permeability zones.

Page 14: Final Leaf

14

Development Strategy

Reservoir Studies

Well Location &

Arrangement Pattern

Types of Well Determinatio

n

IOR / EOR Methods

used

Economic Value

Page 15: Final Leaf

15

Economic Value

Gas Production12%

Oil Produc-tion88%

Income

Water Production

34%

Polymer Injected11%Water Injection

24%

Water Injection Well Set-up

3%

New vertical wells8%

Operating Cost21%

Costs

Page 16: Final Leaf

16

Output ProfilesOIL PRODUCTION

No future action

Optimum case

Constant production for 9 years

Page 17: Final Leaf

17

Output ProfilesRECOVERY FACTOR

Optimum case

No future action

Increased Recovery Factor by 20%

Page 18: Final Leaf

18

Output ProfilesRESERVOIR PRESSURE

Optimum case

No future action

Maintained reservoir pressure

Page 19: Final Leaf

19

Output ProfilesWATER CUT

Optimum case

Water Cut Reduced

No Further Action

Page 20: Final Leaf

20

Conclusion

Net Present Value (NPV) : 389 541 571Incremental NPV : 95 244 400 (32%)EOR Method/s used : Water + Polymer InjectionOil Recovery : 41.5 %Wells: - Producers: Existing – 9, Additional - 3- Injectors : 7 No. of Production Years: 25 years 5 months

Page 21: Final Leaf

21

Thank You