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P
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4
P
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10
Development Strategy
Reservoir
Studies
Well Location
&
Arrangement
Pattern
Types of Well
Determination
IOR / EOR
Methods used
Economic
Value
11
Types of Well Determination
Less costly
- Vertical Well: $ 1M
- Horizontal Well: $ 3M
Theoretically, horizontal well
is higher in efficiency.
- However, our simulation
show horizontal well has
lower recovery.
12
Development Strategy
Reservoir
Studies
Well Location
&
Arrangement
Pattern
Types of Well
Determination
IOR / EOR
Methods used
Economic
Value
13
IOR & EOR Methods Used
Natural Drive : Water & Gas
Improved Oil Recovery : Water Injection
Enhanced Oil Recovery: Polymer
Why Polymer is Chosen?
- Improved front displacement.
- Reduced water cut.
- Reduced the contrasts in permeability by plugging
high permeability zones.
14
Development Strategy
Reservoir
Studies
Well Location
&
Arrangement
Pattern
Types of Well
Determination
IOR / EOR
Methods used
Economic
Value
15
Economic Value
Gas
Production
12%
Oil Production
88%
Income
Water
Production
34%
Polymer
Injected
10%
Water
Injection
24%
Water
Injection Well
Set-up
3%
New vertical
wells
8%
Operating
Cost
21%
Costs
16
Output Profiles
OIL PRODUCTION
No future action
Optimum case
Constant production for
9 years
17
Output Profiles
RECOVERY FACTOR
Optimum
case
No future action
Increased Recovery Factor by 20%
18
Output Profiles
RESERVOIR PRESSURE
Optimum case
No future action
Maintained reservoir pressure
19
Output Profiles
WATER CUT
Optimum case
Water Cut Reduced
No Further
Action
20
Conclusion
Net Present Value (NPV) : 389 541 571
Incremental NPV : 95 244 400 (32%)
EOR Method/s used : Water + Polymer Injection
Oil Recovery : 41.5 %
Wells:
- Producers: Existing 9, Additional - 3
- Injectors : 7
No. of Production Years: 25 years 5 months
21
Thank
You