Instinct Oil Company-Field C - INSTINCT OIL COMPANY Middle...

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INSTINCT OIL COMPANY Middle East Technical University PNG Eng. Dept. 06531 Ankara, TURKEY Middle East Technical University Department of Petroleum and Natural Gas Engineering 06531 Ankara To Dr.Topkaya, Field Re-Development Design Proposal To begin with, we appreciate the opportunity that you have grant to our company to deal with the field redevelopment design of Field C as a pre- qualified contractor company. After taking delivery of the information package of Field C, we have worked on the related data and assessed the field within detail. The proposal for Field C is presented as follows. THE RE-DEVELOPMENT DESIGN OF FIELD C SERVICE DESCRIPTION The services that are going to be supplied by our company for Field C during this project are as following: 1) Well Completion Design There are three main well completion types in oil and gas industry namely, Open hole completions; Liner completions; and Perforated casing completions. During our design procedure, we will choose the most suitable method among these three according to our needs and the condition of the well. Page 1 of 11
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INSTINCT OIL COMPANY Middle East Technical University PNG Eng. Dept. 06531 Ankara, TURKEY 2) Reserve Estimation In this part, we are going to estimate the amount of oil or gas in place in our reservoir using the basic volumetric method by means of geological data supplied to our company. After obtaining the results of volumetric method calculations, we will analyze the certainty of our results by a probabilistic approach using the software called @RISK which is a Risk Analysis and Simulation add-in for Microsoft Excel. 3) Well Test Analysis In well test analysis section, we will conduct a drill stem test (DST) which provides a means of estimating formation and fluid properties before completion of a well. After conducting the test, we will use industry standard well test interpretation software called Saphir to interpret our well. 4) Artificial Lifting System Design In this part of our design procedure, we will try to overcome the pressure decline problem of our well in order to maintain the oil flow from reservoir to the surface or to increase the production rate. For this purpose, we will analyze different artificial lifting methods, and choose the best option which fulfills our minimum requirements such as depth, temperature, power and cost. 5) Production and Reserve History Analysis In this part of our design procedure, we are going to evaluate the past and pres- ent performance of our reservoir and forecast its future behavior. Using the information package supplied to our company, we will make Decline Curve Analysis using FAST RTA which is an Advanced Decline Analysis Software that uses Rates and Flowing Pressures and Material Balance Analysis using B-MBA software.
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