The production rate history of an oil field producing under solution gas drive is given in...
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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. 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.
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