Reservoir Development

Reservoir development involves evaluating new field developments, drilling infill wells in existing fields, capital expenditure projects, etc.

Propellio Limited delivers the following reservoir development components:

• Reservoir upgrade projects (infill drilling, pattern water flooding, etc.).
• Well upgrade projects (sand control, zonal allocation, inflow control devices, etc.)
• Facilities upgrade projects (test pipeline, methanol umbilical capacity upgrades, gas inlet pressure reduction, etc)
• Field analogue assessments.
• Eclipse and Petrel RE simulation model construction (existing and new fields).
• Reservoir simulation history matching (formation pressures, BHP, GOR, oil rate, and water cut).
• Most likely, low side, and high side simulation history match models.
• Infill well placements and trajectory optimisation to maximise net present value
• Reservoir simulation reports.
• Oil and gas production forecasts and reserves estimates.
• Uncertainty analysis.
• Subsurface data acquisition plans.
• Economics evaluations (NPV, profit to investment ratios, DCFR, payback period, unit development cost, and breakeven oil price).
• Field development plan (FDP) reports.
• Issues, risks, uncertainties, and mitigation plan.
• Management presentations and gate approval reviews.