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Books > Earth & environment > Earth sciences
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Reservoir Management - A Practical Guide (Hardcover)
Loot Price: R3,269
Discovery Miles 32 690
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Reservoir Management - A Practical Guide (Hardcover)
Expected to ship within 12 - 19 working days
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Reservoir management is fundamental to the efficient and
responsible means of extracting hydrocarbons, and maximising the
economic benefit to the operator, licence holders and central
government. All stakeholders have a social responsibility to
protect the local population and environment. The process of
managing an oil or gas reservoir begins after discovery and
continues through appraisal, development, production and
abandonment; there is cost associated with each phase and a series
of decision gates should be in place to ensure that an economic
benefit exists before progress is made. To correctly establish
potential value at each stage it is necessary to acquire and
analyse data from the subsurface, the planned surface facilities
and the contractual obligations to the end-user of the hydrocarbons
produced. This is especially true of any improved recovery methods
proposed or plans to extend field life. To achieve all the above
requires a multi-skilled team of professionals working together
with a clear set of objectives and associated rewards. The team's
make-up will change over time, as different skills are required, as
will the management of the team, with geoscientists, engineers and
commercial analysts needed to address the issues as they arise.
This book is designed as a guide for non-specialists involved in
the process of reservoir management, which is often treated as a
task for reservoir engineers alone: it is a task for all the
disciplines involved in turning a exploration success into a
commercial asset. Most explorers earn their bonus based on the
initial estimates of in-place hydrocarbons, regardless of the
ultimate cost of production; the explorers have usually moved on to
a new basin before the first oil or gas is produced! This book is
not a deeply academic tome, rather the description of a process
enlivened by a number of stories and case studies from the author's
forty years of experience in the oil-patch.
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