Course RC1

Oil and gas production forecasting is central to our business. Production profiles are used for financial reporting purposes and for informing investment decisions. For all simulation-based methods, knowledge of capillary pressure and relative permeability data is central to production forecasting. Generally, in different asset reviews, we have found that relative permeability characterization is typically the third biggest uncertainty influencing the field performance (following volumes and reservoir connectivity); it impacts key decisions on well numbers & location, injection & water handling facilities. It similarly impacts activities related to migrating resources across the life of asset. Given the numerous stakeholders in the technical disciplines whose integrated efforts lead to production profiles estimation, the variety in reservoir types and the range of depletion mechanisms, it is not possible to provide detailed procedures for all cases. However, it is important to hold a set of basic principles and approaches across the Petroleum Segment that could offer consistency and the ability to share good practice. This 3-day course will provide a summary of recommendations for carrying out Special Core Analysis tests and dynamic displacement studies. It is intended to serve as a reference for the experienced practitioner and a checklist for the less experienced to flag those topics he/she will require expert help.