| Integrated Reservoir Modeling is carried out to better understand and characterize uncertainties in reservoir and well behaviour. It is used to make predictions for use in hydrocarbon development planning (field development planning) and well & reservoir surveillance and optimisation. This process should be seen in the context of a business plan for a new or producing asset in which a business focus will be maintained by addressing specifically those aspects having the biggest impact or influence on the business decisions being addressed. This course therefore, explicitly cover those aspects of a study in which the business context has a strong or dominating influence e.g. framing of the project, model design, economic screening and the selection of preferred development scenarios. Detailed Data Interpretation – Compile Analogue data – Rock and Fluid Properties from well data – Reservoir Architecture definition Build Dynamic Models – Generate PVT models – Generate Relative Permeability model data – Generate Capillary Pressure data – Rock compaction data – Generate aquifer model – Prepare well data and constraints – Prepare History match simulation models – Prepare forecasts Build Well Models – Build detailed well models/lift tables – Select sand control options – Select artificial lift option – Select wells and completion concepts – Select detailed short term gains and shut off opportunities – Conduct well safety assessment – Establish operating philosophy Build Surface Models Generate Scenario Forecasts – Detailed NFA forecasting – Generate activity forecasts and ranges – Determine reserves and scopes Build/Run Economic Models – Build Economic models – Run Economics – Run Economic Sensitivities Select Development concepts Document Forward Plan |