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This book provides a clear and basic understanding of the concept of reservoir engineering to professionals and students in the oil and gas industry. The content contains detailed explanations of key theoretic and mathematical concepts and provides readers with the logical ability to approach the various challenges encountered in daily reservoir/field operations for effective reservoir management. Chapters are fully illustrated and contain numerous calculations involving the estimation of hydrocarbon volume in-place, current and abandonment reserves, aquifer models and properties for a particular reservoir/field, the type of energy in the system and evaluation of the strength of the aquifer if present. The book is written in oil field units with detailed solved examples and exercises to enhance practical application. It is useful as a professional reference and for students who are taking applied and advanced reservoir engineering courses in reservoir simulation, enhanced oil recovery and well test analysis.
Title available in Digital Reprint form on CD-ROM
The steps that lead to the production of oil and gas are diverse, complex and costly. They are diverse because the detection of oil and gas involves input from many specialties, ranging from geology to reservoir engineering. They are complex, as shown by the development of the job of the petroleum architect, who coordinates all the operations. They are costly, as the investments for exploration and production represent more than half of all investments in the oil and gas sector. Moreover, exploration is a risky activity, both from the technical and financial viewpoint: only one well in five produces marketable oil. Meanwhile, the areas for exploration and production are spread throughout the world.
Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación
This book presents detailed explanations of how to formulate field development plans for oil and gas discovery. The data and case studies provided here, obtained from the authors’ field experience in the oil and gas industry around the globe, offer a real-world context for the theories and procedures discussed. The book covers all aspects of field development plan processes, from reserve estimations to economic analyses. It shows readers in both the oil and gas industry and in academia how to prepare field development plans in a straightforward way, and with substantially less uncertainty.
"This book is fast becoming the standard text in its field", wrote a reviewer in the Journal of Canadian Petroleum Technology soon after the first appearance of Dake's book. This prediction quickly came true: it has become the standard text and has been reprinted many times. The author's aim - to provide students and teachers with a coherent account of the basic physics of reservoir engineering - has been most successfully achieved. No prior knowledge of reservoir engineering is necessary. The material is dealt with in a concise, unified and applied manner, and only the simplest and most straightforward mathematical techniques are used. This low-priced paperback edition will continue to be an invaluable teaching aid for years to come.
Abnormal Formation Pressures
Although host governments and investors may share one common objective - the desire for projects to generate high levels off revenue - their other goals are not entirely aligned. Host governments aim to maximize rent for their country over time, while achieving other development and socioeconomic objectives. Investors aim to ensure that the return on investment is consistent with the risk associated with the project, and with their corporations' strategic objectives. To reconcile these often conflicting objectives, more and more countries rely on transparent institutional arrangements and flexible, nuetral fiscal regimes. This paper examines the key elements of the legal and fiscal frameworks utilized in the petroleum sector and aims to outline desirable features that should be considered in the design of fiscal policy with the objective of optimizing the host government's benefits, taking into account the effect this would have on the private sector's investment.