Good understanding of reservoir is vital to the organization, hence great attention is paid to the art and science of Static and Dynamic Modeling.
Reservoir Modeling involves the construction of computer model of reservoirs for new fields or ongoing reservoir management for the following:
• To Improve Estimation of Reserves
• Make Decisions regarding the development of oil and gas fields
• Predict future or the expected production of oil, water and gas
• Determine the flow of fluids within the reservoir, over its production lifetime.
• Identify the number of wells required or Place Additional Wells
• Evaluate Alternative Reservoirs Management Scenarios.
• Determine the present and future needs for artificial lift,