Prospect Evaluation

Alfred Kjemperud
The Bridge Group AS

Purpose of Prospect
Evaluation
Government

Integral part of resource assessment

Basis for nomination of contract areas
Basis for contractors work commitment
Basis for evaluation of applications

Oil company
Integral part of resource assessment
Basis for investment decision

Methodology
Volumetric Evaluation
Seismic Interpretation
Mapping
Gross rock volume determination
Volume of liquid/gas at surface

Economic Evaluation
Discounted cash flow analysis

The volumetric equation

STOIIP = GRV * Net/Gross Ratio * Porosity * oil
saturation * (1/Bo)
GIIP = GRV * Net/Gross Ratio * Porosity * gas
saturation * (1/Bg)

pore fluid
rock matrix
(frame, skeleton)

Recoverable oil= STOIIP * Recovery Factor for oil

Recoverable gas= GIIP * Recovery Factor for gas
From GeoKnowledge

HCPV
Hydrocarbon Pore Volume
HCPV = GRV * Net/Gross Ratio *
Porosity * HC saturation

Finding the Volume

Interpretation and mapping
Seismic
Digitizing and mapping
Depth Conversion

Geometric description
Vertical closure
Spillpoint realtions
Trap fill
Uncertainties
6

The Trap

The trap
Rock Volume

top surface
vertical
closure

spill point

HC-contact
bottom surface

The maps

A bottom surface map is not required, when:

- the reservoir thickness > vertical closure
- the reservoir thickness is constant

Volume vs. Depth

Depth
Top map
HC water contact
Bottom map

Volume

10

Area/depth graph
Culmination

-1900
-2200

Gross Rock Volume

= Area under Graph

Depth -2500
-2700

Spill Point
10 25

50

Area (sg km)

200

Structural
contours

Modified from Geoknowledge a.s.

11

Anticline Geometry Corrections

(assume no internal seals)

a
Reservoir
thickness
(a,b,c)

Closure
height (h)

b
c
OWC/GWC
Spill point closure

a/h<<1

Large geometric multiplier

b/h = 1

Small geometric multiplier

c/h > 1

Small geometric multiplier

PhilPRA/Akj
12

Geometry multiplier

13

Reservoir Parameters 1
Gross thickness (from mapping)
Net pay
Porosity
Permeability
HC satuartion

14

Reservoir Parametrs 2
Formation volume factor oil (Bo)
Formation volume factor gas (Bg)
Gas deviation factor (Z)

15

Recovery Factor
Oil
Dependant on depletion mechanism
Natural depletion
5-15%

Effective water drive

15-30%

Pressure maintenence methods

Up to 65%

Gas
Up to 80-85%

16

Exercise
Volume calculations
Length
With
Hight
Geometric Factor

100m

10000 m
2000 m
100 m

Porosity
So

20%
70%

N/G

50%

RF

Bo

30%

1.3

2km

10km

1m3 = 6.29 barrels

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Length
With
Hight
Geometric Factor

Volume calculation Solution

GRV
N/G
NRV
Porosity
So
HCPV
Bo
STOIIP
RF
Recoverable resources

m3 - MMbbl

10000 m
2000 m
100 m
0.45

900000000 m3

5661 MMbbl

50%
450000000 m3

100m

2831 MMbbl

20%
70%
63000000 m3

396.3 MMbbl

2km

1.3
48461538 m3

304.8 MMbbl

10km

30%
14538462 m3

91.4 MMbbl

6.29/1000000

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