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Joint Session with SPE Radisson Hotel Green tree 23 October 2006 Reserves from Unconventional Reservoirs presented by Dr. Theo H Flash SPE Distinguished Lecturer BP Abstract The world has an abundant

How to fill out reserves from unconventional reservoirs

How to fill out reserves from unconventional reservoirs:

1. Identify the unconventional reservoir: Begin by identifying the unconventional reservoir with potential reserves. This can be done through geologic assessments, seismic surveys, and other exploration techniques.
2. Evaluate the reservoir characteristics: Understand the unique properties and characteristics of the unconventional reservoir. This includes analyzing the rock type, permeability, porosity, and other factors that affect the flow of hydrocarbons.
3. Conduct well testing and production data analysis: Perform well testing and analyze production data to determine the initial production rates, decline curves, and estimated ultimate recovery (EUR) for the reservoir. This information is crucial in estimating the reserves.
4. Apply reservoir engineering techniques: Utilize reservoir engineering techniques such as decline curve analysis, material balance calculations, and reservoir stimulation studies to estimate the reserves. These techniques help in determining the remaining recoverable reserves from the unconventional reservoir.
5. Consider technological advancements: Stay updated with technological advancements in hydraulic fracturing, horizontal drilling, and other unconventional reservoir development techniques. These advancements can significantly impact reserve estimation and recovery potential.

Who needs reserves from unconventional reservoirs:

1. Oil and gas companies: Both national and international oil and gas companies need reserves from unconventional reservoirs to meet their energy demands and fulfill production targets. Unconventional reservoirs provide an opportunity for increased hydrocarbon extraction.
2. Governments and regulatory bodies: Governments and regulatory bodies require reserves from unconventional reservoirs to understand and monitor the energy resources within their country or jurisdiction. This information helps in making informed decisions regarding energy policies, planning, and resource allocation.
3. Investors and financial institutions: Investors and financial institutions are interested in reserves from unconventional reservoirs as this represents potential investment opportunities. Understanding the reserves and their sustainability is crucial for making informed investment decisions.
4. Energy consumers: Energy consumers, including industries and households, indirectly need reserves from unconventional reservoirs as these reserves contribute to the overall energy supply. Reserves from unconventional sources help ensure energy security and maintain a stable energy market.

In conclusion, filling out reserves from unconventional reservoirs requires a thorough understanding of the reservoir characteristics, utilization of reservoir engineering techniques, and considering technological advancements. Various stakeholders such as oil and gas companies, governments, investors, and energy consumers have a vested interest in reserves from unconventional reservoirs for various reasons.

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What is reserves from unconventional reservoirs?

Reserves from unconventional reservoirs refer to natural resources that are recoverable using techniques other than traditional methods, such as hydraulic fracturing or horizontal drilling.

Who is required to file reserves from unconventional reservoirs?

Companies in the oil and gas industry that operate unconventional reservoirs are required to file reserves from unconventional reservoirs.

How to fill out reserves from unconventional reservoirs?

Reserves from unconventional reservoirs are typically filled out by qualified petroleum engineers or geologists who evaluate the potential reserves based on geological data and production history.

What is the purpose of reserves from unconventional reservoirs?

The purpose of reserves from unconventional reservoirs is to estimate the amount of recoverable resources in a given area, which helps companies make informed decisions about future production and investment.

What information must be reported on reserves from unconventional reservoirs?

Information that must be reported on reserves from unconventional reservoirs include estimates of reserves (proved, probable, possible), production rates, recovery factors, and economic viability.

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