Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The production rate history of an oil field producing under solution gas drive is given in the table below. Time (years) 2 3 4

 

The production rate history of an oil field producing under solution gas drive is given in the table below. Time (years) 2 3 4 5 6 7 8 9 10 Oil Production Rate (STB/D) 449000 301000 201000 135000 90000 60000 40000 27000 18000 The field will be produced until the economic limit of 4000 STB/D is reached. Calculate the following parameters concerned with the future operations of the field: 1. Determine the type of decline rate of the field 1. Initial oil production rate of the field 2. Cumulative oil recovery at abandonment condition 3. Additional oil recovery at abandonment condition 4. Future life of the field at abandonment condition. 5. Use nonlinear regression analysis to find, n. Di, and qi assuming a hyperbolic decline? Discuss the results you obtained.

Step by Step Solution

3.48 Rating (148 Votes )

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Data Communications Infrastructure Networking and Security

Authors: William Stallings, Tom Case

7th edition

133023893, 978-0133023893

More Books

Students also viewed these Physics questions

Question

How can sensitivity to pain be altered?

Answered: 1 week ago

Question

What does throughput mean in the context of business networks?

Answered: 1 week ago

Question

5.1 Describe how culture influences self-concepts.

Answered: 1 week ago