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    Volumetric Calculation

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    Harold Alday
    The document discusses volumetric estimation methods for quantifying oil and gas reserves in reservoirs. It describes two main methods: deterministic and probabilistic. [1] Deterministic involves averaging data from wells, seismic readings, and cores to calculate a single value for hydrocarbon volumes, while [2] probabilistic uses statistics to analyze uncertainties and input variables, relying on the P50 value. [3] Due to lack of software and data, the deterministic method using averaged properties and equations to calculate stock tank oil and gas in place values will be used for the reservoir described.

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    Volumetric Calculation

    Uploaded by

    Harold Alday
    74 views3 pages
    The document discusses volumetric estimation methods for quantifying oil and gas reserves in reservoirs. It describes two main methods: deterministic and probabilistic. [1] Deterministic involves averaging data from wells, seismic readings, and cores to calculate a single value for hydrocarbon volumes, while [2] probabilistic uses statistics to analyze uncertainties and input variables, relying on the P50 value. [3] Due to lack of software and data, the deterministic method using averaged properties and equations to calculate stock tank oil and gas in place values will be used for the reservoir described.

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    The document discusses volumetric estimation methods for quantifying oil and gas reserves in reservoirs. It describes two main methods: deterministic and probabilistic. [1] Deterministic involves averaging data from wells, seismic readings, and cores to calculate a single value for hydrocarbon volumes, while [2] probabilistic uses statistics to analyze uncertainties and input variables, relying on the P50 value. [3] Due to lack of software and data, the deterministic method using averaged properties and equations to calculate stock tank oil and gas in place values will be used for the reservoir described.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    74 views3 pages

    Volumetric Calculation

    Uploaded by

    Harold Alday
    The document discusses volumetric estimation methods for quantifying oil and gas reserves in reservoirs. It describes two main methods: deterministic and probabilistic. [1] Deterministic involves averaging data from wells, seismic readings, and cores to calculate a single value for hydrocarbon volumes, while [2] probabilistic uses statistics to analyze uncertainties and input variables, relying on the P50 value. [3] Due to lack of software and data, the deterministic method using averaged properties and equations to calculate stock tank oil and gas in place values will be used for the reservoir described.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Volumetric Estimation

    Introduction

    Volumetric estimation is the quantifying of the amount oil and gas

    that is accumulated in a reservoir. The estimate will change at each stage in the

    life time of the field, as technology for analyzing and collecting of field data is

    upgraded. There are two main methods in volumetric estimation, Deterministic and

    Probabilistic method. Deterministic method involves the averaging of data

    collected at different points in the reservoir, from well logs, seismic and cores.

    Probabilistic method involves the use of statistics and predictive tools to input and

    analyze field data concerning the geological model to extract information about the

    trends in the reservoir properties that are far away from the sample points. Due to

    unavailability of software and data to be used in the probabilistic method, the

    deterministic method will be used instead.

    Range of Volume

    The calculation of oil initially in place (OOIP) of gas initially in place (GIIP)

    is the common practice by the oil and gas operators to evaluate the economic

    aspect of the field development. Due to that fact, it requires the value of volumetric

    calculation as the basic representation of the hydrocarbon volume lies inside the

    reservoir. The inadequacy of any production data might lead to the incorrect

    volumetric estimation.
    The use of deterministic calculation will yield the STOOIP and GIIIP

    represent the rigid approach of volumetric estimation. It only provides a single

    value for hydrocarbon calculation, which is considered risky with respect to the

    proper economic analysis. Plus, by solely dependent on the averaged values for

    the reservoir properties, the deterministic method is less reliable to quantify the

    entire uncertainties lie inside the reservoir. As the time prolongs, more information

    of the reservoir data will be captured, therefore, the only value obtained from the

    deterministic approach is volumetric calculation will be expected to change

    throughout the reservoir.

    On the other hand, the different input variables uses in probabilistic method

    as the result of the combined parameters may lead to the inaccuracy of the

    calculation of hydrocarbon reserves. Some values might represent the

    overestimation of hydrocarbon value, and some of them represent the

    underestimation of the hydrocarbon volume. The reliance of probabilistic method

    causes the team to take the value of P50 as the considered values as it symbolizes

    the median throughout all of the calculations.

    Deterministic Methods

    A deterministic method is a single technical best estimate of stock tank oil

    in-place and gas initially in-place. It does not take uncertainty into consideration,

    therefore averaging of parameters such as porosity, saturation and net to gross is

    possible. The equations for calculating STOIIP and GIIP are shown below.

    7758 × GRV × N⁄G × ∅ × (1 − 𝑆𝑊 )


    STOOIP =
    𝐵𝑜𝑖
    43560 × GRV × N⁄G × ∅ × (1 − 𝑆𝑊 )
    GIIP =
    𝐵𝑔𝑖

    Where,

    STOOIP is the stock tank oil initially in-place, STB

    GIIP is the gas initially in-place, SCF

    N⁄ is the net-to-gross ratio,


    G

    ∅ is the porosity,

    𝑆𝑊 is the water saturation,

    𝐵𝑜𝑖 is the oil formation volume factor, bbl/STB

    𝐵𝑔𝑖 is the gas formation volume factor, ft 3 /SCF

    GRV is the gross rock volume, acre/ft

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