Reservoir management is a continuously evolving process that adopts various technologies and strategies, to achieve a mission of maximizing total asset value. The infusion of the various technologies into the upstream industries has significantly impacted the E&P business environment. In recent years, industry has heavily turned to horizontal and multilateral wells to greatly expand reservoir contact, and thereby maximize oil production with lower unit development costs. Moreover, the appropriate use of advanced well completions has extended well life, increased productivity, and reduced field development costs when compared to conventional completions. The advancement in reservoir monitoring technologies has significantly changed from monitoring saturations around wellbores to realtime monitoring reservoir fluid dynamics.
This presentation demonstrates the evolution of various upstream technologies and their applications. It also highlights the uniqueness of some applications, their implementation approach, and their potential impact on field development and production strategy.