By combining the internet with the latest in reservoir simulation technology, it is now both possible and feasible to direct oil and gas field development in near real-time, using a continuously updated computer model that matches and reflects the actual rate and pressure data observed in the field. While monthly updates are probably sufficient in most cases, operators have the option of updating weekly, daily or even more frequently in order to meet the needs of each situation. This ground breaking approach removes much of the risk from the evaluation of well completions, optimizing the location of offset and infill wells, predicting reservoir pressures, wellhead pressures, flow rates and reservoir drainage patterns, identifying the most effective completion methods, well spacing patterns and many other field management decisions.

This paper discusses how such dynamic reservoir simulation and management can be implemented, even for small, remote production locations. It also cites examples of where this has already been tried, the results that were obtained and describes the experience of those who have actually implemented this approach.

This new methodology, which currently addresses most types of depletion drive and waterflood operations, is of considerable importance to the industry, not only because of the enormous impact it can have on any individual operation, but also because of the paradigm shift that it will bring about as the process gains acknowledgement in the main stream. The capability now exists for operators, regardless of their size or location, to model every new development well (prior to drilling), identify the most cost-efficient reservoir drainage plan and to adjust that plan in an ongoing manner based on actual field/well behavior.

You can access this article if you purchase or spend a download.