Abstract: A system for automatically optimizing a Field Development Plan (FDP) for an oil or gas field uses a fast analytic reservoir simulator to dynamically model oil or gas production from the entire reservoir over time in an accurate and rapid manner. An objective function defining a Figure of Merit (FoM) for candidate FDPs is maximized, using an optimization algorithm, to determine an optimized FDP in light of physical, engineering, operational, legal and engineering constraints. The objective function for the Figure of Merit, e.g., net present value (NPV) or total production for a given period of time, relies on a production forecast from the fast analytic reservoir simulator for the entire FDP.

Abstract: The invention relates to a method of performing an oilfield operation of an oilfield having at least one wellsite, each wellsite having a wellbore penetrating a subterranean formation for extracting fluid from an underground reservoir therein. The method steps include obtaining a plurality of real-time parameters from a plurality of sensors disposed about the oilfield, wherein the plurality of real-time parameters comprise at least one selected from a group consisting of real-time flow rate data and real-time pressure data of the wellbore, configuring a gridless analytical simulator for simulating the underground reservoir based on the plurality of real-time parameters, generating real-time simulation results of the underground reservoir and the at least one wellsite in real-time using the gridless analytical simulator, and performing the oilfield operation based on the real-time simulation results.

Abstract: A Gas Reservoir Evaluation and Assessment Tool utilizes an Analytical Engine to produce predictions of pressure values and other production data at any point in space and at any point in time in a reservoir. A computer system, such as a workstation, stores a Gas Reservoir Evaluation and Assessment software which includes the Analytical Engine and responds to input data (which includes a reservoir description and fluid properties) by generating an output record which represents a prediction of the pressure values and other data at ‘any point in space’ and at ‘any point in time’ in a reservoir.

Abstract: A reservoir pressure in an underground formation surrounding a well is analyzed based on a direct measurement of the pressure at the wall of the well using the permeability of mud cake on the wall of the well in the region in which the pressure measurement is made; determining the thickness of mud cake on the well of the well; determining the hydrostatic pressure in the well in the region in which the pressure measurement is made; calculating a pressure decay index from the mud cake permeability and thickness, the hydrostatic pressure and the measured pressure; and using the pressure decay index to analyze the measured pressure to derive the reservoir pressure.

Abstract: A system for automatically optimizing a Field Development Plan (FDP) for an oil or gas field uses a fast analytic reservoir simulator to dynamically model oil or gas production from the entire reservoir over time in an accurate and rapid manner. An objective function defining a Figure of Merit (FoM) for candidate FDPs is maximized, using an optimization algorithm, to determine an optimized FDP in light of physical, engineering, operational, legal and engineering constraints. The objective function for the Figure of Merit, e.g., net present value (NPV) or total production for a given period of time, relies on a production forecast from the fast analytic reservoir simulator for the entire FDP. The position, orientation and dimensions of analytical model elements for the subsurface oil or gas field, as well as the physical properties associated with these elements, correlate to connected flow volume data from a Shared Earth Model (SEM). Uncertainty in the SEM is considered via stochastic sampling.

Abstract: A method of analysing a reservoir pressure in an underground formation surrounding a well, comprising: determining the permeability of mud cake on the wall of the well in the region in which the pressure measurement is made; determining the thickness of mud cake on the well of the well in the region in which the pressure measurement is made; determining the hydrostatic pressure in the well in the region in which the pressure measurement is made; measuring the formation pressure at the wall of the well; calculating a pressure decay index from the mud cake permeability and thickness, the hydrostatic pressure and the measured pressure; and using the pressure decay index to analyse the measured pressure to derive the reservoir pressure.

Abstract: The invention relates to a method of performing an oilfield operation of an oilfield having at least one wellsite, each wellsite having a wellbore penetrating a subterranean formation for extracting fluid from an underground reservoir therein.

Abstract: A Gas Reservoir Evaluation and Assessment Tool utilizes an Analytical Engine to produce predictions of pressure values and other production data at any point in space and at any point in time in a reservoir. A computer system, such as a workstation, stores a Gas Reservoir Evaluation and Assessment software which includes the Analytical Engine and responds to input data (which includes a reservoir description and fluid properties) by generating an output record which represents a prediction of the pressure values and other data at ‘any point in space’ and at ‘any point in time’ in a reservoir.

Abstract: A Gas Reservoir Evaluation and Assessment Tool utilizes an Analytical Engine to produce predictions of pressure values and other production data at any point in space and at any point in time in a reservoir. A computer system, such as a workstation, stores a Gas Reservoir Evaluation and Assessment software which includes the Analytical Engine and responds to input data (which includes a reservoir description and fluid properties) by generating an output record which represents a prediction of the pressure values and other data at ‘any point in space’ and at ‘any point in time’ in a reservoir.

Abstract: A Gas Reservoir Evaluation and Assessment Tool utilizes an Analytical Engine to produce predictions of pressure values and other production data at any point in space and at any point in time in a reservoir. A computer system, such as a workstation, stores a Gas Reservoir Evaluation and Assessment software which includes the Analytical Engine and responds to input data (which includes a reservoir description and fluid properties) by generating an output record which represents a prediction of the pressure values and other data at ‘any point in space’ and at ‘any point in time’ in a reservoir.

Abstract: A Gas Reservoir Evaluation and Assessment Tool utilizes an Analytical Engine to produce predictions of pressure values and other production data at any point in space and at any point in time in a reservoir. A computer system, such as a workstation, stores a Gas Reservoir Evaluation and Assessment software which includes the Analytical Engine and responds to input data (which includes a reservoir description and fluid properties) by generating an output record which represents a prediction of the pressure values and other data at ‘any point in space’ and at ‘any point in time’ in a reservoir.

Abstract: A Gas Reservoir Evaluation and Assessment Tool utilizes an Analytical Engine to produce predictions of pressure values and other production data at any point in space and at any point in time in a reservoir. A computer system, such as a workstation, stores a Gas Reservoir Evaluation and Assessment software which includes the Analytical Engine and responds to input data (which includes a reservoir description and fluid properties) by generating an output record which represents a prediction of the pressure values and other data at ‘any point in space’ and at ‘any point in time’ in a reservoir.