FORTESCUE RESERVOIR DEVELOPMENT AND RESERVOIR STUDIES

Abstract

The Fortescue field in the Gippsland Basin, offshore southeastern Australia is being developed from two platforms (Fortescue A and Cobia A) by Esso Australia Ltd. (operator) and BHP Petroleum.The Fortescue reservoir is a stratigraphic trap at the top of the Latrobe Group of sediments. It overlies the western flank of the Halibut and Cobia fields and is separated from them by a non-net sequence of shales and coals which form a hydraulic barrier between the two systems. Development drilling into the Fortescue reservoir commenced in April 1983 with production coming onstream in May 1983. Fortescue, with booked reserves of 44 stock tank gigalitres (280 million stock tank barrels) of 43° API oil, is the seventh major oil reservoir to be developed in the offshore Gippsland Basin by Esso/BHP.In mid-1984, after drilling a total of 20 exploration and development wells, and after approximately one year of production, a detailed three-dimensional, two-phase reservoir simulation study was performed to examine the recovery efficiency, drainage patterns, pressure performance and production rate potential of the reservoir.The model was validated by history matching an extensive suite of Repeat Formation Test (RFT)* pressure data. The results confirmed the reserves basis, and demonstrated that the ultimate oil recovery from the reservoir is not sensitive to production rate.This result is consistent with studies on other high quality Latrobe Group reservoirs in the Gippsland Basin which contain undersaturated crudes and receive very strong water drive from the Basin-wide aquifer system. With the development of the simulation model during the development phase, it has been possible to more accurately define the optimal well pattern for the remainder of the development.* Mark of Schlumberger