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Reservoir Rock Mechanics and Reserve Estimation Quiz

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Reservoir Rock Mechanics and Reserve Estimation Quiz

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Questions and Answers

Which method relies on historical production data to extrapolate future production performance?

MBE

Production history (correct)

Analogy

Reservoir simulation

What does MBE stand for?

Method of Basin Extraction

Mathematical Basin Evaluation

Modeling Based Estimation

Material Balance Equation (correct)

Which method compares a newly discovered or poorly defined reservoir to a known reservoir with similar properties?

MBE

Reservoir simulation

Analogy (correct)

Production history

What is the purpose of reservoir simulation?

To plan field development and production optimization Signup and view all the answers

Why is reserve estimation important?

To measure the effectiveness of exploration and development Signup and view all the answers

Which of the following refers to the total volume of hydrocarbon stored in a reservoir prior to production?

Original oil in place (OOIP) Signup and view all the answers

What are reserves or recoverable reserves?

The volume of hydrocarbons that can be profitably extracted from a reservoir using existing technology Signup and view all the answers

Which method for reserve estimation involves estimating OOIP and OGIP based on a geological model?

Volumetric estimation Signup and view all the answers

What are resources in the context of oil and gas reserves?

All other hydrocarbons that may eventually become producible Signup and view all the answers

What is one common characteristic of all reserve estimation methods?

They involve some degree of uncertainties Signup and view all the answers