QUANTIFYING INCREMENTAL OIL PRODUCTION AND ECONOMICS OF USING INTELLIGENT COMPLETION AS A TOOL FOR RESERVOIR MANAGEMENT

📄 Project Abstract

Huge amount of hydrocarbon in place is left unrecovered. Integrated reservoir management, in addition to the use of new technologies improves hydrocarbon recovery. Intelligent completion is one of the technologies which enhance reservoir management thereby improving the hydrocarbon recovery. This work presents a review of intelligent completion technology, guidelines to evaluate the decision whether or not to implement intelligent completion and evaluates field cases of intelligent completion installation. The case studies were derived from four fields where intelligent completions have been implemented. Comparison of intelligent completion with non-intelligent completion was based on ease of data acquisition for reservoir management, incremental oil production and profitability criteria. The yard sticks used for economic analysis include the net present value, discounted payout period, profitability index and growth rate of return. The results from the study show that reliable intelli...