Reservoir Engineering for Unconventional Oil & Gas
Organization: American Business Conferences
Venue: The Westin Galleria Houston
|Event Date/Time: Mar 25, 2015||End Date/Time: Mar 26, 2015|
In the current scenario of oil price volatility, it is key for E&P companies to minimize economic and operational risks by calculating unconventional reserves more accurately and optimizing well spacing and completions designs.
Reserves are generally miscalculated and often overestimated for unconventional oil & gas reservoirs due to a combination of factors: often, reservoir analysis and modeling techniques have been adapted from reserve estimation methods used for conventional oil & gas resulting in an inaccurate calculation of unconventional oil & gas reserves; also, there is a clear lack of solid production histories that could be integrated into reservoir modeling software workflows and correlated with reservoir models. Therefore, there is undoubtedly a need for the industry to develop reservoir modeling techniques tailored to unconventional oil & gas.
It is vital for E&P companies to reassess which reservoir sections of their land acreage are economical and the key to this lies in an improved reserves estimation that will result in more accurate EUR and production forecasts.
Not only would improved reservoir modeling techniques specific for unconventional oil gas maximize the accuracy of reserve estimates by improved reservoir modeling techniques, but they would also result in optimized well spacing and completions design strategies, which would also impact positively final EUR and periodical and cumulative production rates.
The agenda for Reservoir Engineering for Unconventional Oil & Gas will provide an essential toolkit for reservoir engineers working on unconventional oil & gas assets. As the first event to be entirely dedicated to reservoir engineering for unconventional oil & gas, the congress is driven by an undeniable industry need: maximizing the accuracy of EUR and production forecasts and optimizing well spacing and completions decisions by enabling a better understanding of unconventional oil & gas reservoirs.