The HZ 26-B buried hill reservoir is located in the eastern part of the South China Sea. This reservoir is characterized by the development of natural fractures, a high density, and a complex geological structure, featuring an upper condensate gas layer and a lower volatile oil layer. These characteristics present significant challenges for oilfield exploration. To address these challenges, this study employed advanced embedded discrete fracture methods to conduct comprehensive numerical simulations of the fractured buried hill reservoirs. By meticulously characterizing the flow mechanisms within these reservoirs, the study not only reveals their unique characteristics but also establishes an embedded discrete fracture numerical model at the oilfield scale. Furthermore, a combination of single-factor sensitivity analysis and the Pearson correlation coefficient method was used to identify the primary controlling factors affecting the development of complex condensate reservoirs in ancient buried hills. The results indicate that the main factors influencing the production capacity are the matrix permeability, geomechanical effects, and natural fracture length. In contrast, the impact of the threshold pressure gradient and bottomhole flow pressure is relatively weak. This study’s findings provide a scientific basis for the efficient development of the HZ 26-B oilfield and offer valuable references and insights for the exploration and development of similar fractured buried hill reservoirs.
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