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Upfront Reservoir Monitoring Investment Promises Long-Term Rewards

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The industry’s continued migration into deeper, hotter, and more unconventional oil and gas reservoirs carries the potential for significant financial rewards and major economic risks. Because the development of unconventional reservoirs often requires some form of stimulation—thermal stimulation for heavy oil formations and hydraulic fracturing for shale plays—well construction costs are reaching new highs. Rather than developing these wells in a trial-and-error or even blind fashion, more operators realize that the only way to maximize the value of these assets is through real-time monitoring at the reservoir level.

Permanent reservoir monitoring calls for the deployment of one or more downhole sensors to monitor and record a number of reservoir properties, such as temperature, pressure, and flow rates at various locations in and around the wellbore. By monitoring these properties in real time and over time, operators can gauge the progress of reservoir development at each stage of the well’s life cycle.

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Upfront Reservoir Monitoring Investment Promises Long-Term Rewards

Tad Bostick, SPE, Vice President Production Optimization, Weatherford International

01 January 2015

Volume: 67 | Issue: 1

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