Determination of Oil & Gas Reserves: Petroleum Society of Cim Monograph (Determination of Oil & Gas Reserves)

Petroleum Society Monograph, Volume 1. The Petroleum Society of the Canadian Institute of Mining, Metallurgy and Petroleum. — Petroleum Society of CIM, 1994. XXVIII, 362 p. — ISBN0-9697990-0-4. The monograph covers all aspects of reserves determination, reviewing methodologies associated with calculating hydrocarbons in place, recovery factors, and production forecasting. This edition has been compiled to address the need for guidelines for the determination and classification of oil and gas reserves. The estimation, classification, and reporting of oil and gas reserves and related substances has always been a vital part of the oil and gas industry; however, no standardized definitions have been universally accepted across the industry. This issue makes an important contribution toward setting that standard. The book provides a focus on other influencing factors such as economics, markets, regulations, risk and uncertainty. Contents Figures Tables Foreword, by G. J. DeSorcy Preface Acknowledgements Authors Definitions and Guidelines for Classification of Oil and Gas Reserves Overview of Part I Definitions Guidelines for Estimation of Oil and Gas Reserves Determination of In-Place Resources Overview of Part II Estimation of Volumes of Hydrocarbons in Place Probability Analysis for Estimates of Hydrocarbons in Place Material Balance Determination of Hydrocarbons in Place Estimation of Recovery Factors and Forecasting of Recoverable Hydrocarbons Overview of Part III Natural Depletion Mechanisms for Oil Reservoirs Depletion Mechanisms for Natural Gas Reservoirs Enhanced Recovery by Water flooding Enhanced Recovery by Hydrocarbon Miscible Flooding Enhanced Recovery by Immiscible Gas Injection Enhanced Recovery by Thermal Stimulation Enhanced Recovery by Carbon Dioxide Flooding Reserves Estimation for Horizontal Wells Numerical Simulation Decline Curve Methods Recovery Factor Statistics Prices. Economics, and Markets Overview of Part IV Cash Flow Analysis Uncertainty and Risk in Reserves Evaluation The Regulatory Environment Crude Oil Markets Natural Gas Markets Uses of Reserves Evaluations Biographies of Authors Acronyms Glossary Bibliography Author Index Subject Index The estimation, classification and reporting of oil and gas reserves and related substances has always been a vital part of the oil and gas industry. In spite of a need for consistent methods of reserve determination and terminology, no standardized definitions have really existed.