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Abstract Oil prices see large fluctuations peculiarly over the last eight years due to natural disasters, political instability, and Covid-19 pandemic shock. These prompt to anxiety towards expenditure in planning and forecasting of a field development plan (FDP). Economic optimization of a reservoir under water drive can be extremely tedious and time consuming especially for …

Abstract The primary objective of reservoir management is the maximization of plateau duration and reserves recovery, while minimizing the project risks and maintaining the highest environmental and safety standards. It is critical to identify upfront all the risks and bottlenecks that may occur through the entire life of the assets, to prevent them from happening …

Abstract Field re-development planning for tertiary recovery projects in mature fields traditionally involves a comprehensive subsurface evaluation circle, including static/dynamic modeling, scenario assessment and candidate selection based on economic models. The aforementioned sequential approach is time-consuming and includes the risk of delaying project maturation. This work introduces a novel approach which integrates subsurface geological and …

Abstract Redevelopment of a mature field enables reassessment of the current field understanding to maximise its economic return. However, the redevelopment process is associated with several challenges: 1) analysis of large data sets is a time-consuming process, 2) extrapolation of the existing data on new areas is associated with significant uncertainties, 3) screening multiple potential …

Abstract The creation and matching of an integrated field model including a model for part of a giant field, well models and surface network model is considered here. The integrated model was created using an innovative method of solving a unified system of equations that cover all the physical processes in the reservoir-well-surface network system; …