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General Meeting: Incorporating Numerical Simulation into Your Reserve Estimation Process: A Practical Perspective

ABSTRACT of Presentation

This presentation will highlight some of the important facets one should consider when applying numerical simulation methods to use for, or augment, oil and gas reserve estimates. The main 'take away' will be an appreciation of the areas in which to focus so as to arrive at meaningful and defendable estimates of oil and gas reserves that are based on reservoir models.

Reservoir simulation is a sophisticated technique of forecasting future recoverable volumes and production rates that is becoming commonplace in the management and development of oil and gas reservoirs, small and large.

Calculation and estimation of reserves continues to be a necessary process to properly assess the value and manage the development of an oil and gas producer’s assets. These methods of analysis, while generally done for different purposes, require knowledge and expertise by the analyst (typically a reservoir engineer) to arrive at meaningful and reliable results.

Increasingly, the simulation tool is being incorporated into the reserves process. However, as with any reservoir engineering technique, certain precautions must be taken when relying on reservoir simulation as the means for estimating reserves.

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CAESAR SALAD

CHICKEN FETTUCCINE PRIMAVERA

CHOCOLATE CAKE

If you have special dietary needs (allergies, religious, etc.), please include special meal requests in the "Comments" section during the registration process.

Registration & Walk-ins

All attendees are encouraged to register and pay online for this event. This is a more efficient means of registering for the event and enables the registration process at the meeting to move much faster. Walk-in space is available on a seat-limited basis at a fee $5 more than the on-line registration fee.

Parking for this event

The TOTAL Plaza building (1201 Louisiana Street across from the Houston Hyatt Regency Hotel) is connected to the downtown Houston tunnel system. Using the tunnel system, those working downtown can walk to our meeting in air-conditioned comfort.

If you will drive to this meeting, the following summarizes available parking:

The image above shows how to access the valet parking area at the new location of the Petroleum Club. Enter from Milam Street and exit onto Louisiana Street. Parking fee for this valet parking is $15.

Surface parking lots are available to the south of the TOTAL Plaza building (between this building and the former EXXON Building), including one surface lot adjacent to the TOTAL Plaza Building - pay at meter (cost ~ $9). Other surface lots in the area cost $8 - $9 and they frequently are full by mid-morning.

Parking is also available in the Hyatt Regency Hotel parking garage across the street. Prices vary depending on time in the garage. Cost for 2 hours of parking is $9. Parking is also available via valet at the Louisiana Street entrance of the hotel. Cost is $10.

Location: PETROLEUM CLUB (NEW LOCATION), 35th Floor, TOTAL Building
1201 LOUISIANA STREET, 35th Floor
Houston , Texas 77002

Date: April 13, 2017, 11:30 a.m. - April 13, 2017, 1 p.m.