Amidst the current volatile oil prices, a cost-effective and value-added field development with proactive reservoir and production management requires attention more than ever. Over the years, this objective now goes hand in hand with the continuing progress in technology, both in its development and application. Reservoir modelling has remained the tool to unravel complex rock-fluid interactions to provide pragmatic predictions of production from oil and gas assets to assess business values.
The demand for green technologies such as Carbon Capture, Utilisation and Storage (CCUS) has recently increased, coinciding with the commitment from companies and government agencies in reducing carbon emissions and creating more sustainable projects. Improvements in modelling CO2 for sequestration projects, for example, addresses the need for technical excellence as well as ensuring the highest safety in the storage and containment aspects.
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