Geostatistics has entered a new age. Until few years ago, geostatistics could still be considered a leading-edge technology, developed and applied by a handful of specialists. Today, geostatistics is routinely applied to most of the reservoir characterization projects worldwide, providing the ‘quantitative geology’ support needed in the reservoir simulation phase.

This paper describes how a geostatistical model can be built by integrating all the information generated in the individual disciplines, namely Geophysics, Petrophysics, Sedimentology, Stratigraphy and basic Reservoir Engineering. This approach guarantees the internal consistency of the reservoir study and provides a robust model to be upscaled in the forward simulation phase. The information contained in the 3D geological model can also be averaged and exported to a conventional mapping algorithm, thus providing a consistent set of traditional 2D maps of reservoir properties (Net to Gross, net sand, porosity, permeability).

A case study is presented, relevant to a Venezuelan oil and gas condensate field. The geostatistical model uses almost 400 wells and includes a stratigraphic section almost 3000 feet thick, with 60 productive sands and about 500 reservoirs. In this field, where a conventional map-based approach would have been a long and cumbersome job, the complete geostatistical model has been built and input to the simulator in less than 6 months. In such a context, geostatistics represented a fast and efficient tool for the integrated study.

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