RESERVE

ESTIMATION
Different Methods to Calculate Reserves of
hydrocarbons and their comparison
Group Members

Muhammad Suleman 2014-PET-03

Hafiz Shoaib Maqbool 2014-PET-24
Junaid Hussain 2014-PET-30
Abdul Latif Shah 2014-PET-31
Qaboos 2014-PET-40
Content

Reserve Estimation
Volumetric Method
Material Balance Method
Decline Curve Analysis
Comparison
Introduction

Reserves:
Volume of hydrocarbons that can be recovered with profit with existing
technology
Importance of Reserve estimation
Deterministic Model
Probabilistic Model
Types of Reserves

1P Reserves 90% Probability

2P Reserves 50% Probability
3P Reserves 10% Probability
Uncertainty in Reserve Estimation

Factors affecting reserve estimation

Reservoir type
Source of reservoir energy
Quantity and quality of the geological, engineering and geophysical data
Assumptions adopted when making the estimate
Available technology
Uncertainty in Reserve Estimation
Methods of Reserve Estimation

Volumetric Method
Material Balance Equation (MBE)
Decline Curve Analysis (DCA)
Reservoir Simulation
VOLUMETRIC METHOD
Volumetric Method to calculate reserves for oil and gas
Volumetric Method for Oil Reservoir

Simplest Method to calculated Hydrocarbon in place

Reserves = Hydrocarbon in place * Recovery Factor
For Oil Reservoir
OIIP = 7758 Ah (1-Swi)/Bo

OIIP = oil initial in place, stb

A = area of reservoir, acres
h = average reservoir thickness, ft
= porosity
Swi = connate water saturation
Bo = oil formation volume factor, res bbl/stb
Volumetric Method for Oil Reservoir

Recoverable Oil = OIIP x Recovery Factor

7758 1
Recoverable Oil = x Recovery Factor

Recovery Factor
Recovery Factor for oil is given as

1Sw Sg Boi
R.F = 1
1Sw Bo
Volumetric Method for Gas Reservoir

The equation to calculate gas in place is given as:

G = gas in place, scf
A = area of reservoir, acres
h = average reservoir thickness, ft
f = porosity
Swi = water saturation
Bgi = gas formation volume factor, ft3/scf
This equation can be applied at both initial and abandonment conditions.
Volumetric Method for Gas Reservoir

Recoverable Gas = Initial gas Remaining Gas

43560 1 43560 1
Gp =

1 1
Gp = 43560 1

MATERIAL BALANCE
EQUATION
 Material Balance Equation

MBE is based on simple mass balances of the fluids in the reservoir

Expansion of oil
Underground Expansion of Reduction in HCPV due to connate water
= and original + +
withdrawal (rb) gas cap gas rb , expansion and decrease in the PV rb ,
dissolved gas rb ,
Volume Changes in Reservoir
Volumetric Undersaturated Oil
Reservoir
For volumetric under-saturated oil reservoirs the MBE takes the form

F = N (Eo + Ef,w)

N = initial oil in place, STB

F = underground withdrawal = NpBo + WpBw
Eo = oil expansion term = Bo Boi
cw Sw + cf
Ef,w = water expansion & formation compressibility term = Boi DP
1 Swi

and DP = Pi Pr
Volumetric Gas Reservoir

np = ni nf

np = moles of gas produced

ni = moles of gas initially in the reservoir
nf = moles of gas remaining in the reservoir