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  • Volume Calculation

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    Farzaneh Sedighi
    84 visualizzazioni12 pagine
    This document discusses calculating the stock tank oil initially in place (STOIIP) by using the gross rock volume, net-to-gross ratio, porosity, oil saturation, and shrinkage. It also discusses using volumetrics to create a contact, run processes, and post-process results in Excel. Finally, it discusses two fundamental approaches to modeling uncertainty - deterministic and stochastic - and how different companies may take different approaches.

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    volume calculation

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    volume calculation

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    This document discusses calculating the stock tank oil initially in place (STOIIP) by using the gross rock volume, net-to-gross ratio, porosity, oil saturation, and shrinkage. It also discusses using volumetrics to create a contact, run processes, and post-process results in Excel. Finally, it discusses two fundamental approaches to modeling uncertainty - deterministic and stochastic - and how different companies may take different approaches.

    Copyright:

    © All Rights Reserved
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    84 visualizzazioni12 pagine

    Volume Calculation

    Caricato da

    Farzaneh Sedighi
    This document discusses calculating the stock tank oil initially in place (STOIIP) by using the gross rock volume, net-to-gross ratio, porosity, oil saturation, and shrinkage. It also discusses using volumetrics to create a contact, run processes, and post-process results in Excel. Finally, it discusses two fundamental approaches to modeling uncertainty - deterministic and stochastic - and how different companies may take different approaches.

    Copyright:

    © All Rights Reserved
    Scarica in formato PDF, TXT o leggi online su Scribd
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    di 12

    Volumetrics

    Mark Bentley
    AGR TRACS Training
    Calculating Stock Tank Oil Initially In Place (STOIIP)

    Gross rock volume GRV m3


    x
    Net-to-gross ratio NTG fraction
    x
    Porosity Φ fraction
    x
    Oil saturation Soi fraction
    x
    Shrinkage 1/Bo fraction
    =
    STOIIP m3 / barrels
    Volumes step 1 – create a contact

    Execute
    Volumes step 2 – run process under utilities

    Execute
    Volumes step 3 – post-process in Excel

    Execute
    Important – understand the model (geology and stats)

    Execute
    Adjust property models to fit your PP interpretation

    Execute
    1. By using 2. By
    the property adjusting
    calculator, the
    or .. geostats, or
    ..

    3. By adjusting
    the underlying
    stats and re-
    running the
    geostats (the
    best way)
    Model-based uncertainty: 2 fundamental approaches

    Deterministic
    All inputs are specified; no
    element of chance

    Stochastic
    Treated as synonymous with
    ‘probabilistic’; inputs have an
    element of random selection
    more
    more

    stochastic
    deterministic

    Chance
    Best guess

    Dice
    Sensitivities

    complexity
    cases

    Monte Carlo
    Low-Mid-High

    Field Gross Gas Production Rate, MMscf/d


    0
    100
    200
    300
    400
    500
    600
    700

    01/01/2005

    01/01/2007

    01/01/2009

    01/01/2011

    01/01/2013

    01/01/2015

    01/01/2017

    01/01/2019

    01/01/2021

    01/01/2023

    01/01/2025

    01/01/2027

    01/01/2029

    01/01/2031

    01/01/2033
    Date
    model

    01/01/2035

    01/01/2037

    01/01/2039
    scenarios

    01/01/2041
    realisations

    01/01/2043

    01/01/2045
    Deterministic

    01/01/2047

    01/01/2049
    Field Total Gross Gas Production rate Uncertainty

    01/01/2051
    Stochastic model
    P90
    P50
    P10

    01/01/2053

    01/01/2055

    01/01/2057

    01/01/2059

    01/01/2061
    You choose
    Different companies, different approaches

    Best Guess
    Anchored on a preferred ‘base case’

    Canada in
    general

    Statoil
    Exxon

    BP
    Total
    BG Shell
    IFP
    Chevron TRACS

    Multiple Stochastic Multiple Deterministic


    Models selected by building Models designed manually based on
    ‘equiprobable’ realisations from a base discrete alternative concepts
    case model
    Choice 1 – multiple determinism
    Choice 2 – stochastics (Monte-Carlo simulation)

    Crystal Ball
    @RISK
    GEOX
    REP
    Excel

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