Depleted gas reservoirs are important places for the rebuilding of gas-storage reservoirs. In order to demonstrate the feasibility of constructing and operating such underground gas storage, a low-permeability gas-storage seepage model considering fracture development was developed and established. The model was solved using semi-analytical methods, and the pressure–response characteristics during natural gas injection were analyzed. The impact of gas injection volume on formation pressure has been clarified, and the calculation method for ultimate injection pressure has been determined. Additionally, through numerical simulation methods, the migration law of acidic gas during gas injection, the variation law of produced acidic gas concentration, and the main control factors affecting the concentration of the produced acidic gas were studied. Furthermore, measures to reduce the concentration of the acidic gas produced were proposed. Finally, injection and production plans were designed for typical depleted acidic gas reservoirs, simulating the operation of gas storage for 12 cycles. The results indicate that the quality of natural gas produced in the third cycle can meet the Class II standard for commercial natural gas. Through this study, the feasibility of constructing gas-storage facilities for acidic depleted gas reservoirs has been demonstrated, and injection and production strategies for this type of gas reservoir have been proposed.
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