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- W2009460326 abstract "Abstract The application of appropriate tools and processes is necessary to ensure reliable and accurate forecasts of hydrocarbon reserves that will enable more informed capital management decisions on projects. This becomes even more critical considering the tight budget environment which most operators face in the oil and gas industry. Sustaining oil production in brown fields comes with a myriad of challenges because the once blocky and apparently homogeneous sands are now compartmentalized due to differential depletion, water influx / poor waterflood performance and the emergent effects of erstwhile salient features like small channels, sub-seismic faults, baffles and heterogeneities. These truths get revealed with time as we know more about the reservoirs / fields through: state-of-the-art seismic data acquisition and/or reprocessing, formation evaluation and production data mapping. This information also helps to finetune our simulation models. The implication is that viable new drill opportunities have now become more difficult to identify and adequately plan because the targets are no longer as evident or stacked one on top of another. Due to the prevailing high cost environment, a new drill opportunity today more than ever before will require multiple targets in order to pass the economic hurdle. Accurately forecasting these multiple streams is critical to meeting the overall project objective. The 4kast-Pro™ software has been built to provide a structured approach to developing production forecasts which is critical to achieving world-class reservoir performance and return on investment." @default.
- W2009460326 created "2016-06-24" @default.
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- W2009460326 date "2011-07-30" @default.
- W2009460326 modified "2023-09-27" @default.
- W2009460326 title "4kast-Pro™ - A Novel Tool for Trend-based and Multi-stream Production Forecasting" @default.
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- W2009460326 doi "https://doi.org/10.2118/150731-ms" @default.
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