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Geostatistical Seismic Inversion Derived Integrated Reservoir Connectivity Analysis to Maximize Secondary Oil Recovery
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, EAGE Workshop on Quantitative Geoscience as a Catalyst in a Carbon Neutral World, May 2022, Volume 2022, p.1 - 4
Abstract
Summary
The past two years placed the oil and gas industry at an inflection point and many international companies reframed their purpose while responding to the current economic discontinuities. However, the quest to supply energy to the growing demand while competing as the world transitions to a low-carbon future has become the core focus. In this scenario, the Oil and gas industry is searching for the answers to four very important questions:
- How to understand the reservoir connectivity and spatial distribution to maximize oil recovery?
- How to improve returns from mature assets?
- How to mitigate the risk of declining new giant discoveries?
- How to operate efficiently in a Volatile, Uncertain, Complex, and Ambiguous (VUCA) world.
The first two questions are interrelated with each other as increasing production leads to more revenue generation which improves the returns from mature fields. This paper addresses the first two questions.
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