Reservoir Development Plan
Reservoir Development Plan
Reservoir Development Plan
BY
NPDC-2009 OIL COMPANY
TEAM MEMBERS
Estimation of fluid- fluid contacts and bubble point pressure
𝟏𝟒𝟏.𝟓
𝑺𝑮 = --------Eqn 1 𝑷𝑮 = 𝟎. 𝟒𝟑𝟑 ∗ 𝑺𝑮 … … … . .Eqn 2
𝑨𝑷𝑰+𝟏𝟑𝟏.𝟓
𝑷𝑮𝒈 = 𝟎. 𝟒𝟑𝟑 ∗ 𝟎. 𝟓𝟗𝟖𝟑𝟏 = 0.25907 psi / ft
𝟏𝟒𝟏.𝟓
𝑺𝑮𝒈 = = 0.59831 𝑷𝑮𝒐 = 𝟎. 𝟒𝟑𝟑 ∗ 𝟎. 𝟕𝟒𝟔𝟕𝟎 = 0.32332 psi / ft
𝟏𝟎𝟓+𝟏𝟑𝟏.𝟓
𝑷𝑮𝒘 = 𝟎. 𝟒𝟑𝟑 ∗ 𝟏. 𝟎𝟓𝟏𝟐𝟖 = 0.45521 psi / ft
𝟏𝟒𝟏.𝟓
𝑺𝑮𝒐 = = 0.74670
𝟓𝟖+𝟏𝟑𝟏.𝟓
𝝆 𝒐𝒇 𝒔𝒖𝒃𝒔𝒕𝒂𝒏𝒄𝒆 𝟔𝟓.𝟔
𝑺𝑮𝒘 = = 𝟔𝟐.𝟒 = 1.05128
𝝆 𝒐𝒇 𝒘𝒂𝒕𝒆𝒓
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TYPE OF RESERVOIR AND PRESSURE OF PHASE CHANGE.
(From the cross section and contour maps, we see that the reservoir is not totally sealed
off, hence the possibility of water encroachment and we observe an edge water flow
geometry. Also, the permeability range (1-100mD) supports water influx.)
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ESTIMATED STOIIP AND OIL RESERVE EXPECTATION
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AUXILLARY SLIDES
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SUPPORT DIAGRAM
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SUPPORT DIAGRAM
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ECONOMICS
TOTAL COST PER DEPTH FOR DRILLING A WELL = $3000 PER FOOT
WELLS DEPTH,FT TOTAL COST
A1 4100 3000 * 4100 = $12,300,000
B2 5900 3000 * 5900 = $17,700,000
A2 7680 3000 * 7680 = $23,040,000 * 7 = $161,280,000
TOTAL = $12300000+$17700000+$161280000= $191,280,000 * 2 = $ 382,560,000
LABOUR + DRILLING COST + MISCELLANEOUS = $500, 000,000,000
COST PER BARREL = $50/BARREL
OIL RESERVE = 54.74MMMBBL
TOTAL INCOME REALIZABLE FROM RESERVE = 54.74 * 50 = 2.737 TRILLION DOLLARS
PROFIT = 2737000000000 – 400000000 = 2.237 TRILLION DOLLARS
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