Unconventional Method of Estimating Oilfield Reserve Initially in Place Using Decline Trends Analyses Techniques

Methods to estimate reserves, recovery factor and time are highlighted using uconventional method, to reduce the challenges in an oilfield development. General Information about reserves production estimation using long and short production data is collated. The collated data are plotted against time to build production decline curves. The curves are used to estimate the decline rate trends and constants. The decline constant is then used to predict reserves cumulative recovery. The rate trend is extrapolated to abandonment for estimation of reserves initially in place, recovery factor and the correspondent time. The reserves values are compared with field values for accuracy. It was observed that the result using data from long time production history accuracy was 99.98% while evaluation models built with data from short production history accuracy was 98.64%. The models are then adopted after validation. The validated curves are used to build the governing models which are finally used in estimating cumulative reserves recovery and initially in place. It is concluded that accurate reserves, recovery factor and time estimation challenges can be achieved/matched up using rate decline trend techniques.