Question

In: Civil Engineering

You have been asked to review the performance of a combination solution gas, gas-cap drive reservoir....

You have been asked to review the performance of a combination
solution gas, gas-cap drive reservoir. Well test and log information show
that the reservoir initially had a gas cap half the size of the initial oil
volume. Initial reservoir pressure and solution gas-oil ratio were 2500 psia
and 721 SCF/STB, respectively. Using the volumetric approach,
initial oil in place was found to be 56 MM STB. As you proceed with the
analysis, you discover that your boss has not given you all the data you
need to make the analysis. The missing information is that at some point
in the life of the project a pressure maintenance program was initiated
using gas injection. The time of the gas injection and the total amount of
gas injected are not known. There was no active water drive or water
production. PVT and production data are in the following table:


a) At what point (i.e., pressure) did the pressure maintenance program
begin?

b) How much gas in SCF had been injected when the reservoir pressure is
500 psia? Assume that the reservoir gas and the injected gas have the
same compressibility factor.

Solutions

Expert Solution

I hope this will help you ?


Related Solutions

Explain the use of GOC, GAS CAP, OWC in reservoir fluid contacts
Explain the use of GOC, GAS CAP, OWC in reservoir fluid contacts
You have been asked to design a network (wired, wireless, or a combination) for a home...
You have been asked to design a network (wired, wireless, or a combination) for a home on which construction will start soon. The home is serviced by a cable TV provider and local phone company, and both provide Internet connectivity. It has two levels totaling 250 meters2 (2700 feet2). Five people will live in the home and use three laptop/tablet computers, a desktop computer, a multimedia server, an Internet-connected TV device (for example, TiVo or digital cable DVR), two multifunction...
Question 3 You are the controller of company P and you have been asked to review...
Question 3 You are the controller of company P and you have been asked to review this situation to see if it is in the best interest of the company. Company P would like to sell bonds to obtain financing. Company P has an 80% interest in company S and interest rates are down. Company S is smaller than company P and has a lower credit rating. Company P wants to reduce interest costs on company debt S. You have...
You have been asked by the board of trustees of a local church to review its...
You have been asked by the board of trustees of a local church to review its accounting procedures. As part of this review you have prepared the following comments relating to the collections made at weekly services and record keeping for members’ pledges and contributions: The church’s board of trustees has delegated responsibility for financial management and the financial records to the finance committee. This group prepares the annual forecast and approves major disbursements, but is not involved in collections...
You have been asked, as a member of a small Accounting firm, to review the 31...
You have been asked, as a member of a small Accounting firm, to review the 31 December year-end financial statements of a small (R2 million revenues) companyin East London. The company has applied for a long-term loan from the bank. You are interesed to note as you beign your review of the company's records that a principal stockholder is your former college roommate. You are preparing your report and wonder about the following items: - The company decided during the...
You have been asked by the board of the local hockey club to review its accounting...
You have been asked by the board of the local hockey club to review its accounting procedures. You have made the following observations in regards to cash collected for annual dues and for weekly entrance ticket sales. The club's board has given financial management and audit of the financial records responsibility to the finance committee. This team prepares the budget and approves all major cash disbursements. No audit has been considered necessary in recent years because the same trusted employee...
Question 1 You have been asked, as a member of a small Accounting firm, to review...
Question 1 You have been asked, as a member of a small Accounting firm, to review the December 31 year-end financial statements of a small (R2 million revenues) company in East London. The company has applied for a long-term loan from the bank. You are interested to note as you begin your review of the company’s records that a principal stockholder is your former college roommate. You are preparing your report and wonder about the following items:  The company...
You have been asked by the CEO of Gastric Anxiety Supplier (GAS) to evaluate the proposed...
You have been asked by the CEO of Gastric Anxiety Supplier (GAS) to evaluate the proposed acquisition of a new Standardized Test Templater (PowerPoint based) for the firm’s accounting area. A recently completed $100,000 marketing survey demonstrates a high demand for the product. The equipment’s basic price is $740,000 and it would cost another $220,000 to modify it for high altitude (Wasatch Mountain) use. The templater, which has a MACRS 3-year recovery period (recovery allowances of 33%, 45%, 15%, and...
You have been asked by the CEO of Gastric Anxiety Supplier (GAS) to evaluate the proposed...
You have been asked by the CEO of Gastric Anxiety Supplier (GAS) to evaluate the proposed acquisition of a new Standardized Test Templater (PowerPoint based) for the firm’s accounting area. A recently completed $100,000 marketing survey demonstrates a high demand for the product. The equipment’s basic price is $740,000 and it would cost another $220,000 to modify it for high altitude (Wasatch Mountain) use. The templater, which has a MACRS 3-year recovery period (recovery allowances of 33%, 45%, 15%, and...
You have been asked to review the useful lives of your company's fixed assets and recommend...
You have been asked to review the useful lives of your company's fixed assets and recommend any appropriate changes. Your company uses incentive compensation broadly across management levels and the incentives are tied to current profits. If you recommend shorter useful lives it will have an adverse impact on profits in the short term. How should you approach this assignment?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT