Question
Suppose the production zone encountered in an exploratory well in the NDB by NPDC a few months ago was at 7705-7855 feet depth interval. The
Suppose the production zone encountered in an exploratory well in the NDB by NPDC a few months ago was at 7705-7855 feet depth interval. The log analysis showed an average porosity of 22.5 percent with an average water saturation of 22.5 percent. The oil formation volume factor was estimated using an empirical equation as 1.250 RB/STB. If reservoirs of similar properties drained, on average, 5000 acres with a recovery factor of 35 percent, what are the estimated STOIIP and the ultimate recovery of this reservoir? Suppose 50% of the reserves are produced at the end of the peak year and the plateau rate and the economic limit (EL) of the drainage well are 10,000 STB/day and 500 STB/day, respectively. What is the exponential decline rate at which it will recover all the ultimate reserves? What is the effective decline rate? How long will it take for the well to reach the EL after the peak? What is the estimated reserves remaining at the economic limit assuming? What is the total production five years after the peak ended?
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