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Reservoir Engineering Using MS-Excel

Description

Reservoir engineering is a branch of petroleum engineering that focuses on the development and management of oil and gas reservoirs. It involves the application of scientific and engineering principles to estimate the recoverable reserves of hydrocarbons, optimize production strategies, and manage the economic and environmental risks associated with hydrocarbon extraction.

Reservoir engineers use various techniques such as geological analysis, fluid dynamics, and numerical modeling to understand the behavior of reservoirs and optimize the production of oil and gas. They also design and implement strategies for secondary and tertiary recovery methods, such as water injection, gas injection, and enhanced oil recovery (EOR) techniques.

In addition to technical skills, reservoir engineers must also have a good understanding of economics and business, as they are responsible for managing the economic aspects of hydrocarbon extraction. They work closely with geologists, drilling engineers, production engineers, and other professionals to ensure that reservoirs are developed and managed in a safe, efficient, and environmentally responsible manner.

Reservoir engineering can be performed using a variety of software and tools, including specialized reservoir simulation software. However, Excel can also be used for certain reservoir engineering calculations and analyses. Here are some examples:

Decline Curve Analysis: Excel can be used to plot and analyze production decline curves for individual wells or entire fields. This involves plotting the cumulative production versus time and fitting a decline curve equation to the data. This can provide insight into the reservoir's production behavior and estimate the future production potential.
Material Balance Analysis: Excel can also be used for material balance calculations, which are used to estimate the original oil or gas in place (OOIP or OGIP) and the remaining reserves in a reservoir. This involves tracking the changes in the reservoir's pressure, volume, and fluid properties over time, and using mathematical equations to estimate the OOIP or OGIP.
Economic Analysis: Excel can be used to perform economic analysis of oil and gas reservoirs, including calculating net present value (NPV), internal rate of return (IRR), and other financial metrics. This can help to evaluate the economic feasibility of a reservoir development project and optimize production strategies.
Sensitivity Analysis: Excel can also be used to perform sensitivity analysis on various reservoir parameters, such as reservoir thickness, permeability, and porosity. This involves varying one or more parameters while holding others constant, and analyzing the impact on production and reserves. This can help to identify the most important reservoir parameters and optimize production strategies.
It is important to note that while Excel can be a useful tool for certain reservoir engineering calculations, it has limitations and should not be used as a substitute for specialized reservoir simulation software or other more comprehensive reservoir engineering tools.

Start Date: 24th April 2023
Time: 9 Pm India Time
Duration: 1 Month
Classes Only On Mon, Tue, Wed & Thur
Mode: Online
Medium: English
Platform: Zoom
Certificate: YES

Recorded Class / Notes / Assignments / Excel Sheets Will be Provided.

Certificate at the end of the course.