RESERVOIR OPTIMIZATION
Reservoir optimization projects are of increasing
importance to oil companies as they work to reduce production costs and
increase cash flow. Reservoir optimization delivers the incremental
barrel, which is the lowest cost barrel in the reservoir and the most
profitable for oil companies.
THE RESERVOIR
OPTIMIZATION STORY
Producing the
Incremental Barrel
On average,
an oilfield will yield only 40% of its total reserves to conventional
production techniques. Companies that utilize Core's
state-of-the-art reservoir description, production enhancement and
reservoir management technologies have been able to increase the total
recovery from their existing fields. Increases of 5 to 10 percent of
the total recovery have been achieved -- with some fields yielding an
additional 15 percent of the in-place reserves -- an improvement of
nearly 40%.
Next
>>
|
