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Objective
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Action
Estimate the gross rock volume at Alpha using these values:
rtop = 4.5 km
rbase = 3.9 km
htop = 800 m
rbase = 3.5 km
hbase = 700 m
Action
Vpore = Vres *
Step
Action
Part 4: In-Place HCs
If the target reservoir interval has been charged with HC, most but not all, of the pore space will
contain oil or gas. Some of the pore space will contain residual water. Hydrocarbon saturation
(SHC) is a measure of how much of the available pore space is filled with HCs. The formula we
use is:
Action
Estimate the in-plase volume at Alpha using a hydrocarbon
saturation of 80%. Record your result on Table 1.
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Action
Estimate the in-plase volume at Beta using a hydrocarbon
saturation of 80%. Record your result on Table 1.
LET'S ME OPTIMISTIC! We will assume that the reservoir is filled with oil down to the fluid
contact - i.e., no free gas cap.
Part 5: Converting to Barrels
The unit of volume typically used for oil is millions of barrels (MBO). We can use a simple
conversion factor to go from volumes in km3 to MBO. (We could have done this conversion at
any point after step 1).
Step
Action
10
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Modern production techniques can only move a small portion of the in-place oil. The oil that is
moved to the surface will change volume as it is brought up. This is due to the differences in
temperature and pressure conditions in the reservoir compared to at the surface.
We estimate the ultimate recovery (EUR) using values for the recovery efficiency (RE) and the
formation volume factor (FVF) the correction for volume change. The volume change
between the subsurface and the surface is sometimes called oil shrinkage.
We use the formula:
Step
Action
11
Calculate an EUR for Alpha assuming RE= 25% and FVF = .90.
Record your result on Table 1 last page.
12
Calculate an EUR for Beta assuming RE= 20% and FVF = .90.
Record your result on Table 1 last page.
Step
13
Action
To get a risked EUR, multiply your results from Part 6 by 0.62
the COS. Record your result on Table 1 last page.
When performing the economic analysis, we use the risked EUR. Think about it, if 6 times out
of 10 the system works, you have to base your economics on this factor.
If the economic minimum for this area is 100 MOEB, what would you recommend to
management about drilling these two prospects?
Alpha: ___________________________________________
Beta: ____________________________________________
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ESTIMATES
Alpha
Beta
km3
km3
km3
km3
km3
km3
km3
MBO
MBO
MBO
MBO
MBO
MBO
2. Reservoir Volume
3. Pore Volume
4. In-Place Volume
5. In-Place Barrels
6. EUR Unrisked
7. EUR Risked