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Vol. 58 No. 12

December 2006

Reserves/Asset Management

Dynamic Economic Indicator To Evaluate SAGD Performance

An economic indicator called simple thermal-efficiency parameter (STEP) was developed to evaluate the performance of a steam-assisted gravity-drainage (SAGD) project. A dynamic model called STEP-D was developed for use as an economic indicator under the changing conditions of the economic limit of the instantaneous steam/oil ratio (SOR) and the price of heavy oil.

View a Synopsis of SPE 100525

This article, written by Technology Editor Dennis Denney, contains highlights of paper SPE 100525, "A Dynamic Economic Indicator To Evaluate SAGD Performance," by H. Shin, SPE, Shell Canada Ltd., and M. Polikar, SPE, U. of Alberta, prepared for the 2006 SPE Western Regional Meeting, Anchorage, 8-10 May. The paper has not been peer reviewed.

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