The objective of this discussion is to provide a broad overview of Integrated Reservoir Management, using examples from fields around the world. Reservoir management can be viewed as a three component learning system. The first component is reservoir characterization based on the analysis and interpretation of fundamental geoscience and engineering data. The second is quantification of the subsurface via a geologic model, reservoir simulation, and facility model, providing the basis for future depletion plans. The third stage of learning follows production start up as we collect production surveillance data to evaluate the accuracy of the geologic interpretation and development plan. This repeated cycle of interpretation, modeling, and production feedback drives continuous improvement of the subsurface model and depletion plan, maximizing value from both new and mature fields, and cost-effectively recovering more oil and gas


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