INSTRUCTOR: W. John Lee, PhD
DISCIPLINE: Geoscience, Engineering
COURSE LENGTH: 2 Days
AVAILABILITY: Public & In-House
WHO SHOULD ATTEND: Reserves analysts, geologists, geophysicists, reservoir engineers, and managers.
COURSE DESCRIPTION: This course will introduce commonly used deterministic and probabilistic reserves estimation methods, including analogy, volumetric, material balance, reservoir simulation, and production decline curves. The presentation format will be largely lecturing, including topics for class discussions.
- Be able to estimate reserves using analogy methods.
- Be able to estimate reserves using volumetric method.
- Be able to estimate reserves using material balance methods.
- Be able to describe applications of reservoir simulation to reserves estimation.
- Be able to estimate reserves using decline curves.
- Be able to estimate reserves using probabilistic methods.
- Overview of reserves estimation methods
- Example applications of deterministic reserves estimation procedures
- Overview of probability distributions
- Probabilistic reserves estimation procedures
- Capen’s alternatives to Monte Carlo Simulation