April 22, 2004


Description

A reservoir’s life begins with exploration that leads to discovery, which is followed by delineation of the reservoir, development of the field, and production by primary, secondary, and tertiary means, and finally to abandonment.

 

The goal of asset management is to maximize economic benefits from an asset by optimizing recovery while minimizing capital investments and operating expenses. A sound management process – setting goal, developing and implementing plan, and monitoring and evaluating performance can achieve this along with integration of multi-disciplinary professionals, technologies, tools, and data.  The process is dynamic through the reservoir life.

 

This Paper Presents:

·        A brief review of asset management concepts and process.

·        Examples of sound reservoir management practice used to enhance economics in projects at various stages of the reservoir life cycle:

-  Development of a newly discovered offshore oil field.


Featured Speakers

Speaker




Organizer

Peter Stan


Date and Time

Thu, April 22, 2004

11:30 a.m. - 1 p.m.
(GMT-0500) US/Central

Event has ended

If you do not have a full-time job in the oil and gas industry, are a full-time student or Member in Transition (MiT) member, and you do not see a discounted registration fee for students/MiT regarding this event, please contact the GCS manager at spe-gcs@spe.org.


Location

The Courtyard on St. James Place, 1885 St. James Place, Houston, Texas