Gas production from multiple coal seams has become common practice in many coal basins around the world. Although gas production rates are typically enhanced, the economic viability of such practice is not well studie...Gas production from multiple coal seams has become common practice in many coal basins around the world. Although gas production rates are typically enhanced, the economic viability of such practice is not well studied. In order to investigate the technical and economic feasibility of multiple coal seams production, reservoir simulation integrated with economics modelling was performed to study the effect of important reservoir properties of the secondary coal seam on production and economic performance using both vertical and horizontal wells. The results demonstrated that multiple seam gas production of using both vertical and horizontal wells have competitive advantage over single layer production under most scenarios. Gas content and permeability of the secondary coal seam are the most important reservoir properties that have impact on the economic feasibility of multiple seam gas production. The comparison of vertical well and horizontal well performance showed that horizontal well is more economically attractive for both single well and gas field. Moreover, wellhead price is the most sensitive to the economic performance, followed by operating costs and government subsidy. Although the results of reservoir simulation combined with economic analysis are subject to assumptions, multiple seam gas production is more likely to maintain profitability compared with single layer production.展开更多
The Bakken formation has become a prominent oil resource for south-east Saskatchewan, especially with the advent of horizontal well technology and new hydraulic fracturing methods. As more wells are drilled, there is ...The Bakken formation has become a prominent oil resource for south-east Saskatchewan, especially with the advent of horizontal well technology and new hydraulic fracturing methods. As more wells are drilled, there is a desire to determine whether there is potential for improved oil recovery and to evaluate the economic feasibility. This paper evaluates the benefit of implementing waterflooding, CO2 injection or WAG （water-alternating-gas） recovery methods for improved oil recovery of the Bakken formation. A simulation model resembling the study area was built using CMG-GEM （computer modeling group-generalized equation of state model） reservoir simulation package and a history match of the primary recovery data available was performed. Based on the simulation results, it was concluded that waterflooding had a significant influence on the oil recovery factor, although COz provided the highest increase in crude oil recovery, The capital expenditure for surface facilities and cost of injected fluid was the most economically viable for implementation of waterflooding. The WAG injection simulation results were similar to CO2 injection, except that reservoir pressure was able to be better maintained. Given that high-quality source water is available, waterflooding is the most economically feasible choice according to the simulation results obtained from this study.展开更多
Climate change threatens the sustainable development and survival of the small Caribbean island nations. The continual rise in the demand and cost of the earth＇s finite hydrocarbon energy reservoir drives these count...Climate change threatens the sustainable development and survival of the small Caribbean island nations. The continual rise in the demand and cost of the earth＇s finite hydrocarbon energy reservoir drives these countries to examine the integration of renewable energy to reduce green house gas emissions whilst meeting their electrical energy demands. One possible renewable energy source is wind. Trinidad and Tobago, through its renewable energy policy, is seeking to reliably and economically integrate wind power with its conventional power generation sources. This paper assesses the adequacy of wind power generation at potential sites through the use of auto-regressive modeling and the use of Monte Carlo Simulation to evaluate the well-being indices for the combination of wind and conventional power generation. Two sites in the twin island Republic of Trinidad and Tobago were identified as case studies for the proposed methodology. Analysis of the results indicated that the methodology should be applied to sites with conditions encouraging economic feasibility of wind power generation.展开更多
In the past there were a lot of researches on the topic of economic growth. Nevertheless, the environment has been a bit abstracted by standard economics. Scarce natural resources and our choices to protect them or ex...In the past there were a lot of researches on the topic of economic growth. Nevertheless, the environment has been a bit abstracted by standard economics. Scarce natural resources and our choices to protect them or exploit them jointly determine the economic and environmental systems. In this paper we describe a model with a particular focus on the relationship among income, pollution, and non-renewable resources. We want to combine both economic and environmental sectors. The system dynamics approach is used in analyzing these complex relationships. This paper gives an insight into the possibilities for replacing non-renewable resources with more renewable ones. Next, we present the simulation runs of the model that are conducted with the help of existing system dynamics modeling tools. Only the relationships simulated so far between the variables ought to be put under yet more cautious examination.展开更多
文摘Gas production from multiple coal seams has become common practice in many coal basins around the world. Although gas production rates are typically enhanced, the economic viability of such practice is not well studied. In order to investigate the technical and economic feasibility of multiple coal seams production, reservoir simulation integrated with economics modelling was performed to study the effect of important reservoir properties of the secondary coal seam on production and economic performance using both vertical and horizontal wells. The results demonstrated that multiple seam gas production of using both vertical and horizontal wells have competitive advantage over single layer production under most scenarios. Gas content and permeability of the secondary coal seam are the most important reservoir properties that have impact on the economic feasibility of multiple seam gas production. The comparison of vertical well and horizontal well performance showed that horizontal well is more economically attractive for both single well and gas field. Moreover, wellhead price is the most sensitive to the economic performance, followed by operating costs and government subsidy. Although the results of reservoir simulation combined with economic analysis are subject to assumptions, multiple seam gas production is more likely to maintain profitability compared with single layer production.
文摘The Bakken formation has become a prominent oil resource for south-east Saskatchewan, especially with the advent of horizontal well technology and new hydraulic fracturing methods. As more wells are drilled, there is a desire to determine whether there is potential for improved oil recovery and to evaluate the economic feasibility. This paper evaluates the benefit of implementing waterflooding, CO2 injection or WAG （water-alternating-gas） recovery methods for improved oil recovery of the Bakken formation. A simulation model resembling the study area was built using CMG-GEM （computer modeling group-generalized equation of state model） reservoir simulation package and a history match of the primary recovery data available was performed. Based on the simulation results, it was concluded that waterflooding had a significant influence on the oil recovery factor, although COz provided the highest increase in crude oil recovery, The capital expenditure for surface facilities and cost of injected fluid was the most economically viable for implementation of waterflooding. The WAG injection simulation results were similar to CO2 injection, except that reservoir pressure was able to be better maintained. Given that high-quality source water is available, waterflooding is the most economically feasible choice according to the simulation results obtained from this study.
文摘Climate change threatens the sustainable development and survival of the small Caribbean island nations. The continual rise in the demand and cost of the earth＇s finite hydrocarbon energy reservoir drives these countries to examine the integration of renewable energy to reduce green house gas emissions whilst meeting their electrical energy demands. One possible renewable energy source is wind. Trinidad and Tobago, through its renewable energy policy, is seeking to reliably and economically integrate wind power with its conventional power generation sources. This paper assesses the adequacy of wind power generation at potential sites through the use of auto-regressive modeling and the use of Monte Carlo Simulation to evaluate the well-being indices for the combination of wind and conventional power generation. Two sites in the twin island Republic of Trinidad and Tobago were identified as case studies for the proposed methodology. Analysis of the results indicated that the methodology should be applied to sites with conditions encouraging economic feasibility of wind power generation.
文摘In the past there were a lot of researches on the topic of economic growth. Nevertheless, the environment has been a bit abstracted by standard economics. Scarce natural resources and our choices to protect them or exploit them jointly determine the economic and environmental systems. In this paper we describe a model with a particular focus on the relationship among income, pollution, and non-renewable resources. We want to combine both economic and environmental sectors. The system dynamics approach is used in analyzing these complex relationships. This paper gives an insight into the possibilities for replacing non-renewable resources with more renewable ones. Next, we present the simulation runs of the model that are conducted with the help of existing system dynamics modeling tools. Only the relationships simulated so far between the variables ought to be put under yet more cautious examination.
