Abstract
Abstract Field development planning activities depend on realistic oil and gas production forecasts which are a key input to project economics and subsequently influence business decisions. Several tools and approaches to the generation of these production forecasts exists ranging from simple spreadsheets to complex 3D reservoir models hooked up to surface network models in an integrated production system approach. In large Asset based International Oil Companies, with thousands of wells and reservoirs underpinning different projects at different stages of field development, limited resources including funding, processing and evacuation facilities, there arises a need to have an integrated company production forecast that ties the individual projects production forecasts together while honoring identified constraints and obligations such as gas contracts. This paper explains the strategy in meeting the above objective of achieving an integrated hydrocarbon production forecast to support business planning decisions.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
