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QUANTIFYING INCREMENTAL OILPRODUCTION AND ECONOMICS OF USING INTELLIGENT COMPLETION AS A TOOL FOR RESERVOIR MANAGEMENT

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

ABSTRACT

 

Huge amount of hydrocarbon in place is left unrecovered. Integrated reservoir management, inaddition to the use of new technologies improves hydrocarbon recovery. Intelligent completion isoneofthetechnologieswhichenhancereservoirmanagementtherebyimprovingthehydrocarbon recovery.

This work presents a review of intelligent completion technology, guidelines to evaluate thedecisionwhetherornottoimplementintelligentcompletionandevaluatesfieldcasesofintelligentcompletion installation.

Thecasestudieswerederivedfromfourfieldswhereintelligentcompletionshavebeenimplemented. Comparison of intelligentcompletion with non-intelligentcompletion was basedoneaseofdataacquisitionforreservoirmanagement,incrementaloilproductionandprofitability criteria. The yard sticks used for economic analysis include the net present value,discountedpayout period, profitabilityindexand growth rateof return.

Theresultsfromthestudyshowthatreliableintelligentcompletionimprovesreservoirmanagementbyenablingdataacquisitionandwellmonitoring.Employingintelligentwellcompletionsinreservoirmanagementcanleadto21%to38%increaseinoilrecoveryand17%to 41% increase in NPV compared to non-intelligent completion.It must be pointed out thatintelligentsystemfailuremayrenderintelligentcompletionprojectseconomicallyunattractive.

The results of this study can beused to evaluate the feasibility of executing anintelligentcompletion project; especially in fields were intelligent completion is yet to be implemented as atoolforreservoir management.





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