Abstract
This chapter presents a general overview of oil reservoir (fossil fuel) development planning, with the purpose of evaluating and implementing enhanced oil recovery (EOR) projects. In other words, reservoir development planning refers to strategies that begin with the exploration and appraisal well phase and end with the abandonment phase of a particular field to establish the course of action during the productive life of the asset. The main objective of the complete cycle of a development plan is to maximize the asset value. Development strategies for new fields are based on data obtained from seismic surveys, exploratory wells and other limited information sources such as fluid properties and reservoir analogues. Integration of the information from simulation studies helps to address the multiple and complex factors that influence oil recovery, as well as reservoir development decisions. As new information about the reservoir, its geology, and its degree of heterogeneity becomes available through drilling of new wells (i.e., development and infill wells) and production–injection history, the field can be developed in an optimal way.
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