The production rate history of an oil field producing under solution gas drive is given in...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The production rate history of an oil field producing under solution gas drive is given in the table below. Time (years) 2 3 4 5 6 7 8 9 10 Oil Production Rate (STB/D) 449000 301000 201000 135000 90000 60000 40000 27000 18000 The field will be produced until the economic limit of 4000 STB/D is reached. Calculate the following parameters concerned with the future operations of the field: 1. Determine the type of decline rate of the field 1. Initial oil production rate of the field 2. Cumulative oil recovery at abandonment condition 3. Additional oil recovery at abandonment condition 4. Future life of the field at abandonment condition. 5. Use nonlinear regression analysis to find, n. Di, and qi assuming a hyperbolic decline? Discuss the results you obtained. The production rate history of an oil field producing under solution gas drive is given in the table below. Time (years) 2 3 4 5 6 7 8 9 10 Oil Production Rate (STB/D) 449000 301000 201000 135000 90000 60000 40000 27000 18000 The field will be produced until the economic limit of 4000 STB/D is reached. Calculate the following parameters concerned with the future operations of the field: 1. Determine the type of decline rate of the field 1. Initial oil production rate of the field 2. Cumulative oil recovery at abandonment condition 3. Additional oil recovery at abandonment condition 4. Future life of the field at abandonment condition. 5. Use nonlinear regression analysis to find, n. Di, and qi assuming a hyperbolic decline? Discuss the results you obtained.
Expert Answer:
Related Book For
Business Data Communications Infrastructure Networking and Security
ISBN: 978-0133023893
7th edition
Authors: William Stallings, Tom Case
Posted Date:
Students also viewed these physics questions
-
Determine the type of business income being earned by each of the following Canadian-controlled private corporations. Income tax reference: ITA 125(7), 129(6). a) Corporation A earns interest and...
-
Determine the type of network interface card installed in your computer? Describe this card's major properties including its speed(s), layer 2 protocol, and the type of medium used to connect to the...
-
Determine the type of economy that exists in your selected country - closed, mixed, or market. what is the difference between these types of economies and how might this affect your expansion?
-
List at least one "real life" situation that may arise out of each category. Be sure to explain how you think each issue should be handled, policy-wise. 1. Relationships with citizens and others over...
-
Kevin and Paula Grant checked into Wakeda family campground at 8: 00 p. m. on August 20, 2004. They had camped at Wakeda Campground several times before and the campground was advertised as camping...
-
Address the number of factors in the context of marketing plan for Netflix: 1. Determine the primary and secondary target markets for your company. 2. Determine the short and long-term goals, and a...
-
A proton moves in a region of uniform magnetic field, as shown in Figure Q24.23. The velocity at one instant is shown. Will the subsequent motion be a clockwise or counterclockwise orbit? FIGURE...
-
England Productions performs London shows. The average show sells 1,300 tickets at $ 60 per ticket. There are 150 shows per year. No additional shows can be held as the theater is also used by other...
-
SECTION B (40 MARKS) Jim is a gardener to the Browns. The lawnmower recently stopped working and he spoke to Mrs. Brown about getting a replacement. Mrs. Brown was going to the USA and opted to buy...
-
8 91426 10 11 (CCM) builds furniture for a range of commercial customers. They build furniture used in hotels and department stores, on cruise liners, ferries and passenger aircraft. One of their...
-
For the system given in Figure Q.4, W a) Locate the control volumes. Write the boundary conditions and explain the reasons basing on motions of the molecules. c) Write the balance equations. b) d)...
-
9. Jenny is sitting on a sled on the side of a hill inclined at 15. What force is required to keep the sled from sliding down the hill if the combined weight of Jenny and the sled is 90 pounds? (Show...
-
Jim used an automobile 75% for business and 25% for personal in 20X1. He incurred $5,000 in total expenses for the automobile. What is the largest amount of vehicle expenses that Jim can claim as a...
-
Long - term operating assets are recorded at their original purchase price plus any expenditures required to obtain and prepare the asset for its intended use. A company purchased land and a building...
-
Which age group generally benefits the most from the establishment of a cash balance pension plan? What is the contribution limit for money purchase pension plans? How are participant account...
-
Daniela works as an architect. She has a disability insurance policy that specifies a monthly benefit for total disability of $8000. Last year she suffered an illness that caused a total disability....
-
The yield curve shows at any point in time: a. The relationship between the yield on a bond and the duration of the bond. b. The relationship between the coupon rate on a bond and time to maturity of...
-
Find the velocity, acceleration, and speed of a particle with the given position function. r(t) = (t 2 , sin t - t cos t, cos t + t sin t), t > 0
-
Explain the difference between datagram and virtual circuit operation.
-
What does throughput mean in the context of business networks?
-
What are the communications options available for converting an intranet into an extranet?
-
Professor Pacioli was recently asked the following five questions by his aspiring accounting students. Prepare a summary of the professor's reply to each question. (a) Professor, I cannot quite put...
-
Assuming the expectations theory is the correct theory of the term structure, calculate the interest rates in the term structure for maturities of one to four years, and plot the resulting yield...
-
Assuming the expectations theory is the correct theory of the term structure, calculate the interest rates in the term structure for maturities of one to four years, and plot the resulting yield...
Study smarter with the SolutionInn App