Oil Reserve Estimation Methods Quiz

Volumetric Method = Estimation method based on the size and shape of the reservoir Material Balance Method = Estimation method based on the conservation of mass Numerical Simulation Models = Estimation method using computer models to simulate reservoir behavior Decline Curve Analysis Method = Estimation method based on the production decline behavior over time

Proved Reserves = Reserves with a high degree of certainty of recovery Probable Reserves = Reserves with a moderate degree of certainty of recovery Possible Reserves = Reserves with a low degree of certainty of recovery Classification of Reserves = Categorization of reserves based on certainty of recovery

Objectives of Production Decline Curve Analysis = Determining the production decline pattern for effective reservoir management Factors Affecting Decline Behavior = Influential elements impacting the decline of production from a reservoir Advantages and Disadvantages of Production Decline Curve = Pros and cons of using decline curve analysis for production forecasting Decline Curve Types = Different patterns of decline in production over time

<p>Chapter One Introduction = Includes problem statement and study objectives Chapter Two Overview on Reserve Estimations = Defines reserves and discusses classification and methods of estimation Chapter Three Methodology = Details the calculation of reserves and the estimation methods used List of Content = Lists the content and chapters in the document</p> Signup and view all the answers

<p>List of Figure = Enumeration of the figures included in the document List of Table = Catalog of tables present in the document Nomenclature = Glossary of technical terms and symbols used in the document Abstract = Summary of the main points and findings of the document</p> Signup and view all the answers