PROJECT203-09 - PGE 203 TERM PROJECT(due 5;00 PM Friday May...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
PGE 203 TERM PROJECT (due 5;00 PM Friday May 8) The worksheet labeled “Field Data” contains production (and other) data for an off-shore field containing four wells. (note that the production in all wells started eight months after the drilling and completion operations) Most of the material noted there will not be used in your computations but will be helpful in understanding the whole operation. Your task is to determine the decline rate as of the present time (last production value – month 44) and to determine the oil to be produced in the next ten years (out to month 164) for both an exponential decline and a hyperbolic decline with an exponent, b , of 0.4. This should set minimum and maximum limits on what can be expected. Your results should be presented in a report that also details your methods and intermediate computations. You may do all of your work in Excel if you wish, although it is not necessary. If you wish to work completely outside Excel, You will find two graphs (Chart1 and Chart2) which you can print out and use. On the other hand you may wish to use Excel
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern