Determination of Oil and Gas ReservesPetroleum Society of the Canadian Institute of Mining, Metallurgy and Petroleum, 1994 - Business & Economics - 362 pages The estimation, classification and reporting of oil and gas reserves and related substances has always been a vital part of the oil and gas industry. In spite of a need for consistent methods of reserve determination and terminology, no standardized definitions have really existed. |
Contents
2 | 7 |
DETERMINATION OF INPLACE RESOURCES | 25 |
ESTIMATION OF VOLUMES OF HYDROCARBONS IN PLACE | 35 |
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Common terms and phrases
Alberta API gravity aquifer areal average calculated Calgary Canada Canadian capillary pressure carbon dioxide CO₂ connate water core cost crude oil cumulative decline analysis decline curve density depletion determined displacement distribution drainage drilling economic limit Energy equation evaluation Figure forecast formation volume factor fraction fractured gas cap gas reserves geological gravity horizontal hydrocarbon in-place initial injection liquid log-normal distribution m³/d material balance measured mechanism method miscible flood natural gas net pay oil and gas oil production oil recovery oil reservoir OOIP parameters percent performance Petroleum petrophysical porosity probability production rate proved reserves range recovery factor relative permeability reliable reserves estimates Reservoir Engineering reservoir fluid reservoir pressure reservoir rock reservoir simulation Resources royalty samples solution gas solvent steam stimulation sweep efficiency temperature tion uncertainty values viscosity volumetric water drive water saturation waterflood wellbore