Economic Analysis and Predicting Future Field Production
I am currently working for a small oil and gas operator. I have been asked to do an economic evaluation of 16 oil wells located in the same field. Normally, I would consider using decline curve analysis but the individual production of each well was not recorded. Instead the total production of all 16 wells goes into one tank and is then recorded. I have thought about using the Tarner or Fetkovich method and then model future oil production via changing reservoir pressure. However, I am worried that the recorded reservoir pressure and PVT study data is not accurate. Is there any way I can do use something similar to decline curve analysis but will use past cumulative production data from all 16 wells to predict future production data? Are there any other options I have missed?
Submitted July 10, 2017 at 06:18AM by hbwsefhb
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