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(a) For a new oil-field development explain how a reservoir model is used in terms of its material balance to predict parameters such as reservoir

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(a) For a new oil-field development explain how a reservoir model is used in terms of its material balance to predict parameters such as reservoir pressure, production rates of each fluid phase (oil, water and gas) and the estimated ultimate recovery of oil. Include and explain how the recovery factor could be maximised. (30%)

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