Petroleum Engineering Essentials

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1 Petroleum Engineering Essentials Tools and Techniques to Evaluate Unconventional (and Conventional) Wells and Reservoirs September, 2018

2 PE Essentials PE Essentials (PEE) is a comprehensive suite of cost-effective software tools comprised of Reservoir and Production Engineering programs. The PE Essentials suite of tools can be used for all types of wells/reservoirs: gas & oil; unconventional & conventional; onshore & offshore. September, 2018 Slide 2

3 PE Essentials Petroleum Engineering Essentials, Tools and Techniques to Evaluate Unconventional (and Conventional) Wells and Reservoirs is a how-to manual for evaluation of oil and gas wells and reservoirs. The book includes tools, theories, techniques and examples covering Reservoir Engineering and Production Engineering. The book was originally conceived to be a handbook for evaluation of unconventional reservoirs but evolved to include conventional and some IOR/EOR evaluation techniques as well. The book is a companion to the PE Essentials software. September, 2018 Slide 3

4 PE Essentials PE Essentials User Base >240 people in the PE Essentials Users Group ( Over 3000 downloads of the book since early 2016 Over 2500 downloads of beta/demo versions of the program September, 2018 Slide 4

5 PE Essentials Available Tools Version (Release: August 2018) September, 2018 Slide 5

6 PE Essentials Version Basic Essentials Gas/Oil/Water PVT and Relative Permeability Curve Generation Basic Equation of State (EOS) Model for Oil (PR and SRK) Monte Carlo Simulation for Oil and Gas In-Place and Recoverable Volumes PE Chart (plots output from all PE Essentials tools) Well Essentials THP-BHP Tubing Pressure Drop Calculations for Gas Wells and Oil Wells Quick Log Analysis Includes GIIP/OOIP and TOC Estimates Hydraulic Fracture Design Recovery Essentials Recovery Factor Analysis Monte Carlo Oil, Gas, Unconventional, Reservoir Complexity Forecast Essentials Horizontal Hydraulically Fractured Well Forecasting (includes a History Matching tool) Basic Reservoir Simulator General Purpose Reservoir Simulator (BOAST) Streamline WaterFlood Simulator (Leighton and Higgins streamline simulator) Miscible/Immiscible CO2 WAG and Waterflood Streamline Simulator (DOE) Multi-Tank Gas Material Balance and Oil Material Balance Forecast Simulators (3 Aquifer Models) Decline Curve Analysis and Production Forecast (Deterministic Forecast) includes edca Monte Carlo Decline Curve Production Forecasting (Probabilistic Forecast) IOR/EOR/Heavy Oil Essentials IOR/EOR Screening Tool (screens 18 different processes) IOR/EOR/Heavy Oil Tools (MMP, Thermal Properties, Hot/Cold Injection, Pump Rates) Field Development Essentials Field Development Planning (Multi-well Project Planning and Forecasting) Field Management Essentials Database (Includes PEE Export Tool) Production Data Analysis (Flow Regime, RTA, Analytical/Numerical Simulation) Pressure Transient Analysis and Test Pressure Simulator (9 Reservoir Configurations) Volumetric Surveillance and Analysis (includes MB analysis) Artificial Lift Design (rod pump, plunger lift, hydraulic pump and ESP) Asset Valuation Essentials Project Economics (Includes Corporate Economic Models) Company & Asset Performance Evaluation September, 2018 Slide 6

7 PE Essentials Basic Essentials Basic Essentials Gas/Oil/Water PVT and Relative Permeability Curve Generation Basic Equation of State (EOS) Model for Oil Monte Carlo Simulation for Oil and Gas In-Place and Recoverable Volumes September, 2018 Slide 7

8 PE Essentials Well Essentials Well Essentials THP-BHP Tubing Pressure Drop Calculations for a Gas Well THP-BHP Tubing Pressure Drop Calculations for an Oil Well Quick Log Analysis Includes GIIP/OOIP Estimate Hydraulic Fracture Design September, 2018 Slide 8

9 PE Essentials Recovery Essentials Recovery Essentials Recovery Factor Analysis Monte Carlo Oil, Gas, Unconventional, Reservoir Complexity September, 2018 Slide 9

10 PE Essentials Forecast Essentials - 1 Forecast Essentials - 1 Horizontal Hydraulically Fractured Well Forecasting (includes a History Matching tool) Basic Reservoir Simulator General Purpose Reservoir Simulator (BOAST) Streamline WaterFlood Simulator (Leighton and Higgins streamline simulator) Miscible/Immiscible CO 2, WAG and Waterflood Streamline Simulator (DOE) September, 2018 Slide 10

11 PE Essentials Forecast Essentials - 2 Forecast Essentials - 2 Multi-Tank Gas Material Balance Simulator Oil Material Balance Simulator 3 aquifer models Decline Curve Analysis and Production Forecast (Deterministic Forecast) Monte Carlo Decline Curve Production Forecasting (Probabilistic Forecast) September, 2018 Slide 11

12 PE Essentials Forecast Essentials - 3 Forecast Essentials - 3 edca Includes 6 decline models Includes the new LeBlanc-Okouma Power Law decline model (World Oil, March 2018) September, 2018 Slide 12

13 PE Essentials IOR/EOR Essentials IOR/EOR/Heavy Oil Essentials IOR/EOR Screening Tool (screens 18 different processes) IOR/EOR/Heavy Oil Tools (MMP, Thermal Properties, Hot/Cold Injection, Pump Rates) September, 2018 Slide 13

14 PE Essentials Field Development Essentials Field Development Essentials Field Development Planning (Multi-well Project Scheduling, Planning and Forecasting) September, 2018 Slide 14

15 PE Essentials Field Management - 1 Database Is the repository for all the production data Includes a multi-well plotting tool September, 2018 Slide 15

16 PE Essentials Field Management - 2 Production Data Analysis (PDA) Includes Flowing Material Balance, Analytical Simulator, Numerical Simulator Includes option to generate an average well production curve from multiple wells Loads data from the Database and can export the data to other PE Essentials tools September, 2018 Slide 16

17 PE Essentials Field Management - 3 Pressure Transient Analysis and Analytical Well Test Simulator Volumetric Surveillance and Material Balance Analysis September, 2018 Slide 17

18 EASTEX PE Essentials Field Management - 4 Artificial Lift Design September, 2018 Slide 18

19 PE Essentials Asset Evaluation Essentials Project Economics Tool Including Corporate Economics Model September, 2018 Slide 19

20 PE Essentials Asset Evaluation Essentials Companies & Assets Performance Evaluation CAPE - 1 CAPE TM : Integration of PEE Software Modules PVT Upstream Oil & Gas Data Field Development Planning CAPE TM CAPE TM Production Analysis - PDA Material Balance (MBal) Numerical/Analytical/Stochastic Simulation - Monte Carlo September, 2018 Slide 20

21 PE Essentials Asset Evaluation Essentials Companies & Assets Performance Evaluation CAPE - 2 September, 2018 Slide 21

22 PE Essentials Asset Evaluation Essentials Companies & Assets Performance Evaluation CAPE - 3 September, 2018 Slide 22

23 PE Essentials Asset Evaluation Essentials Companies & Assets Performance Evaluation CAPE - 4 September, 2018 Slide 23

24 PE Essentials Asset Evaluation Essentials Companies & Assets Performance Evaluation CAPE - 5 September, 2018 Slide 24

25 PE Essentials Fully Integrated Tools September, 2018 Slide 25

26 PE Essentials PE Essentials Road Map Planned Future Development September, 2018 Slide 26

27 PE Essentials Road Map 2019 and Beyond CAPE Companies & Assets Performance Evaluation: Option for different liquid streams (up to three) and different gas streams (up to three) with different prices Optional abandonment provision as a function of boe Service Contract Model Worldwide database Forecast Essentials: DCA (Decline Curve Analysis) Kambarov decline model (conventional reservoirs) Oil Material Balance Include variable rock compressibility Basic Reservoir Simulator Enhance grid input options Add multi-well model (injector-producer pair) Upgrade simulator to OPM Flow (Eclipse compatible simulator) Field Management Essentials: Pressure Transient Analysis Drawdown pressure transient analysis Artificial Lift Design Gas lift analysis and design Surface Facilities Tool Surface facilities and pipeline model September, 2018 Slide 27