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.
Related Project Materials
THE IMPACT OF INSTRUCTIONAL MATERIALS ON THE LEARNING AND TEACHING OF ECONOMICS IN SENIOR SECONDARY SCHOOLS IN ISOLO LGA
ABSTARCT
The study aimed at examining the effects of economics instructional materials on the learning and teaching of e...
HUMAN RESOURCE DEVELOPMENT AND ITS EFFECT ON EMPLOYEE PRODUCTIVITY
Background of the Study
Human Resource Development (HRM) as a theory is a framework for the expansion o...
THE INFLUENCE OF PENTECOSTAL PENTECOSTAL CHURCHES ON THE DEVELOPMENT OF EDUCATION. A CASE STUDY OF LIVING FAITH PENTECOSTAL CHURCH (WINNERS CHAPEL)
BACKGROUND TO THE STUDY
A global study and research on Pentecostal pentecostal churches is an on-going assignment becaus...
THE ROLE OF CONTINUOUS ASSESSMENT IN TEACHING AND LEARNING OF ECONOMICS
Abstract
The study was carried out to determine the role of continuous assessment in teaching and learning of Economics...
THE EFFECTS OF OIL SPILLAGE IN THE NIGER DELTA A CASE STUDY OF UGHELLI SOUTH LOCAL GOVERNMENT AREA OF DELTA STATE
ABSTRACT
The research work aimed at finding the effect of oil spillage in the Niger Delta, the causes o...
UNIVERSITY BRANDING: IMPACTING FACTORS FOR USBOUND PROSPECTIVE NIGERIAN STUDENTS
ABSTRACT
Today, Nigeria is becoming an attractive market for international students and this trend is rapidly growing as a result of the...
PATIENT PERCEPTION AND SATISFACTION WITH HEALTHCARE PROFESSIONALS AT PRIMARY CARE FACILITIES
Abstract
This study investigated patient perception and satisfaction with healthcare professionals at primary care facil...
ATTITUDE OF HEALTH INFORMATION MANAGEMENT IN THE CONFIDENTIALITY OF PATIENT INFORMATION
Background of the study
In recent years, the proliferation of information and communication technologie...
EFFECT OF CORONA VIRUS ON GLOBAL ECONOMY
BACKGROUND OF THE STUDY
At present the new name of fear is Coronavirus disease (COVID-19). This is not only killing the...
AN EVALUATION OF CONFLICT RESOLUTION STRATEGIES ADOPTED BY SCHOOL PRINCIPALS IN ABIA STATE
Background of the study
Conflict resolution tactics are methods for resolving disagreements. They enabl...
