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Cumulative production forecast of an oil will using simplified “Hyperbolic-Exponential” decline models

Makinde, F. A. and Orodu, O. D. and Ladipo, A. O. and Anawe, Paul Apeye Lucky (2011) Cumulative production forecast of an oil will using simplified “Hyperbolic-Exponential” decline models. Global journal of researches in engineering, 12 (1). pp. 27-40.

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Abstract

Decline Curves are important tools employed in the petroleum production industry to establish a good production performance forecast of production wells. Studies have shown that neither hyperbolic nor exponential decline could accurately produce dependable forecast results, which in turn affects the various economic decisions being made on both investment and future production processes. New simplified models for decline curve analysis are developed. The models are applicable to naturally producing wells that have not been secondarily enhanced. These models use exponential decline to extrapolate hyperbolic decline behaviour in making future production performance forecasts. Estimating different needed parameters and engaging some assumptions, the forecasted cumulative production increment using the model is Qel=20,705bbls. This compares favourably with the existing models.

Item Type: Article
Subjects: T Technology > TP Chemical technology
Divisions: Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 10 Feb 2015 14:52
Last Modified: 10 Feb 2015 14:52
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/3481

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