The reservoir management consists on the application, within a given fiscal and contractual frame, of well-established industrial technologies and field best practices to a hydrocarbon reservoir, in order to efficiently perform the field operations and maximize the economic return of the investments.
Reservoir Management relies on the use of human, technological and financial resources to capitalize on profits from a reservoir by optimizing the hydrocarbon recovery while minimizing both the capital investments and the operating costs.
Reservoir management has advanced through various stages due to better-quality techniques, improved knowledge of reservoir behavior, ad hoc IT software that has helped the interpretation, processing and management of all available data.
Main objectives of the reservoir management activities can be summarized as follows:
The economic optimization of oil and gas recovery can be obtained by:
Reservoir management must be considered as a dynamic process that aims at identifying the uncertainties affecting the future field behavior, and tries to reduce their impact by optimizing the field performance through a systematic application of integrated, multidisciplinary technologies.
The reservoir management process must be designed and implemented to individual fields on the basis of:
Reservoir management relies on a fundamental tool which is Reservoir Modeling.
The role of reservoir modeling in the reservoir management process
The modelling process is based on the following main steps:
Workflow of the Reservoir Management process
Schematic block diagram of the reservoir management process