PRODUCTION PERFORMANCE.pptx

PRODUCTION PERFORMANCE  Evaluating And Optimizing Oil And Gas Operations Production performance is a critical aspect of oil and gas operations, as it determines the efficiency and profitability of a field. Key techniques used to evaluate and optimize production inc...

PRODUCTION PERFORMANCE  Evaluating And Optimizing Oil And Gas Operations Production performance is a critical aspect of oil and gas operations, as it determines the efficiency and profitability of a field. Key techniques used to evaluate and optimize production includes, 1. Data acquisition, 2. Bubble mapping, 3. Decline curve analysis, 4. Material balance analysis. Acquiring Field Performance Data Diverse Data Sources 1. Seismic surveys 2. Core analysis, 3. Well logging, 4. Pressure transient analysis 5. Production and injection monitoring, 6. Tracer surveys. Bubble Mapping: Visualizing Spatial Trends Spatial Visualization Identifying Trends Informing Decisions Decline Curve Analysis: Forecasting Future Production Exponential Decline Hyperbolic Decline Parabolic Decline Oil Reservoir Material Balance Conservation of Mass: This account for material in a system, entering a system, and exciting a system. mass in tank=original mass in tank + mass entering tank- mass exciting tank Measurable Quantities: involves cumulative fluid production and injection volumes, reservoir pressure, and fluid property data, to determine the original volumes of oil, water, and gas in the reservoir. Trend Establishment: requires data measurements over a long enough period from material balance calculations to establish a Depletion Drive Mechanisms and Recovery Efficiencies Solution gas drive Gas cap drive Water drive Inflow Performance Relationships Reservoir Inflow Tubing Outflow Operating Point  Advantage And Disadvantage Of Production Performance Advantage Disadvantages 1. Employee productivity 1. Higher initial costs 2. Higher profit margins 2. Complexity and rigidity 3. Scalability 3. Risk of overproduction 4. Improved quality product 4. Overemphasis on efficiency 5. Competitive advantage Future Outlook Improved Recovery Technique Enhanced Data Analytics Automation and Robotics Sustainability focus Digital Transformation Group Members 1. Athlee Paul Aidoo-7243523 2. Angel Cedilla Penoukou Foli Tonye-7245423 3. Ozuame Godfred Kuma-7248123 4. Anokye Kennedy Opare-7242223 5. Acquah-Imbeah Benedicta-7240523 6. Osabutey Divine Kwesi-7247323 7. Otoo Francis-7247823 8. Kelevor Priscilla Princess-7245923 9. Gyamfi Osei Kuffour-7245623 10.Boakye Benjamin Adjei-7244223 11.Mustapha Hamidu, Ayisha Dei Tigawendi-7246623