Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Theories Expert

problem1)a) Name and describe the rock properties and reservoir characteristics which would be essential to estimate original hydrocarbons in place. describe the recovery factor of oil and gas.

b) How is reservoir heterogeneity classified on different geological representative scales?

problem 2)a) What is reservoir characterization? What basic information is needed to characterize the reservoir? How is it recognized using seismic and well data?

b) What is deterministic, random and stochastic or mixed reservoir? Describe with the help of neat diagram, a multilayered reservoir which shows discrete/sharp changes and gradual changes in a sand-shale sequence.

problem 3)a) A Plot of annual production against time for the asset indicates which production will continue for 17 more years before reaching the economic limit of 1,750 bbl/year. The line of extrapolation passes through 15,000 bbl for the last year of available data. Though production data shows that actual production for that year was 14,300 bbl and that some downtime had been experienced.

Compute the recovery (current reserves), that can be expected over the next 17 years before production reaches the economic limit of 1,750 bbl / year assuming (i) h = 0 and (ii) h = 0.5.

What would be the value of the reservoir if the oil price is $ 40/barrel throughout the tenure of project?

b) prepare a note on reservoir drive mechanism.

problem 4)a) How do three decline curve methods differ from each other?

b) Give the overview of different material balance methods to compute reserves

Following are the assumptions for the preparation of spreadsheet and further calculations.

i) Oil price is $ 50 per barrel and will remain constant.

ii) Royalty is 10% of annual revenue/ annual production.

iii) Time value of money is 10%.

iv) Profit petroleum is shared between government and contractor at 50 : 50 proportions respectively.

v) Income tax is 30%.

b) prepare detail notes on the following:

i) Function of horizontal wells in increasing reservoir recovery.

ii) Integration of seismic and well data using Geostatistics.

iii) 3 D reservoir modelling.

iv) Steps involved in the procedure for determining the hydraulic flow units using Geostatistics and conventional methods.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M95736

Have any Question? 


Related Questions in Management Theories

Written report - individual assessmentpurpose this

Written Report - individual assessment Purpose: This assessment is designed to reinforce the subject content and develop students' skills and application of knowledge of the subject content to business situations. This a ...

Write five 1-2 page essays approx 75 pages typed in total

Write FIVE 1-2 page essays (approx 7.5 pages typed in total) on the following topics. Each should be well structured with a beginning (introduction), middle (five paragraphs/points with 3 real world examples per essay) a ...

This milestone focuses on the topic of compensating

This milestone focuses on the topic of compensating employees. Using the material on compensation provided in this week's lesson and the case study, write a short paper in which you: Describe the compensation philosophy ...

Imagine your manager has requested that everyone in the

Imagine your manager has requested that everyone in the company take the StrengthsFinder test. Now, your manager has asked you to put together a training tool on how to best coach and develop employees in the decision ma ...

1 search the internet for information about a technology

1. Search the Internet for information about a technology called personal or home office firewalls. Examine the various alternatives, select three of the options, and compare their functionalities, cost, features, and ty ...

Discussion topic 1 7-step planfrom this units reading

Discussion Topic 1: 7-step Plan From this unit's Reading, discuss how you might use Ryan's 7-step plan to bring about a specific change in your organization. Discussion Topic 2: Organizational Culture Based on the articl ...

Assignment research relevant articles and write a 2-page

Assignment: Research relevant articles and write a 2-page Reflection (single space, 12-point Times New Roman font) on "Trump and Supply Chains." To help you start, two articles and their links are provided below. Your sc ...

Supply chain management strategy proposaldevelop a supply

Supply Chain Management Strategy Proposal Develop a Supply Chain Management Strategy Proposal, specifically dealing with the following scenario. The scenario centers around the choice of a location for a new distribution ...

Global supply chain managementquestion think of an idea you

Global Supply Chain Management Question: Think of an idea you are passionate about. How would you sell your idea to a high content versus low content culture? How about a low power distance versus high power distance cul ...

With the same talent management strategy in mind from

With the same talent management strategy in mind from Assignment 3, write a six to eight (6-8) page paper in which you: 1. Determine which performance management process you will employ to measure employee talent. 2. Ana ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen