can't see the pictures? view it in your browser here.
Reservoir Engineering: TIPS
Volume 7 / Issue 1 - February 2012
Main Article MetroPetro
Did You Know Company News
Exploration Screening with Simulation

 

Many exploration companies are asking: Which zones will produce with horizontal multi-fractured wells?  Simulation may illuminate the answer.

Proven has used simulation to help screen candidate formations for horizontal multi-fractured wells.  Oil companies use this information to improve their exploration chance of success.

Oil companies are discovering new oil resource plays in Western Canada.  Previously un-economic oil bearing horizons may produce in economic quantities when exploited with horizontal multi-fracture wells.

Proven has conducted simulations of tight, oil-bearing reservoirs.  Proven conducted these simulations using Kappa’s modelling software.  For a history match we used existing vertical wells.  A horizontal multi-fractured well is then added to the history matched model.  Proven can then drop the simulated permeability of the formation to find a minimum worthwhile flow capacity.

Results from this type of simulation can help identify the minimum porosity/permeability for effective exploitation.  Using this, oil companies can screen zones to improve their exploration chances.

Kappa’s solution is not as simple as some of the analytical approximations in the market today.  It is complex enough to deal with oil reservoirs.

On the other hand, Kappa’s simulator is less time consuming to set up than most regulator grid block simulators.  In addition, Kappa models can be tuned with a PTA or long term production test. 

Call Proven to discuss how Kappa’s simulator can help you explore using multi-fracture technology.

Granger J. Low

Back to top^


Kitimat

Back to top^

The National Energy Program

Created in 1980 in an effort to ‘insulate’ the Canadian economy from inflation and unemployment, the National Energy Program instituted – among other measures – a double-tax that applied only to oil and gas, and an artificial cap on prices. These mechanisms attempted to secure Canada independence from the world market, equalise oil and gas revenue throughout the country, and encourage the development of other resources.

The government at the time believed that oil and gas prices would rise indefinitely, and that the answer to protecting the economy was to nationalise the country’s energy, and artificially control prices.

The program was viewed by many in Western Canada as an intrusion into provincial affairs, and a scheme created to benefit Eastern Canada at the West’s expense. Indeed, it is estimated that the NEP was the leading factor in 150% rise in bankruptcy rates in Alberta, directly lost the province between $50 billion and $100 billion, and cost the average Albertan about $18,000 each during its short run.

When it became apparent that oil prices – like any commodity on the world market – would rise and fall according to supply and demand, punctuated by the world oil price collapse in 1985, the NEP’s rationale evaporated, and was phased out.
 
TIPS
New Technical Sales Assistant

Proven Reserves is pleased to announce the appointment of Janis Cunningham as a technical sales assistant.

Janis studied Commercial Dance at George Brown College in Toronto, and enjoys dancing and teaching dance both privately and professionally. She also wants to take some business courses, as well as get certified as a personal trainer.

Though Janis is new to the oil and gas industry, she likes building and maintaining relationships with new people, which are key to her position.

In her spare time, Janis says that she likes to dance and sing. She also enjoys cooking and baking, and spends a lot of time in hot yoga and at the gym.

Janis says she wants to learn as much as she can while working with Proven, and that she personally wants to eventually get into business for herself.

Welcome, Janis!

Back to top^

TIPS

Back to top^

TIPS