This study analyzes the status-quo of the proved oil/gas initially-in-place and its variation trend,the proved undeveloped oil/gas initially-in-place,and the remaining proved technically recoverable reserves(TRR)of oi...This study analyzes the status-quo of the proved oil/gas initially-in-place and its variation trend,the proved undeveloped oil/gas initially-in-place,and the remaining proved technically recoverable reserves(TRR)of oil/gas in China as of 2020 based on statistics.As shown by the results,the proved oil initially-in-place(OIIP),the proved undeveloped OIIP,and the remaining proved TRR of oil in China are mainly distributed in the Bohai Bay,Ordos and Songliao Basins,and those of free gas are mainly in the Ordos,Sichuan,and Tarim Basins.From 2011 to 2020,the largest increment in the proved OIIP,the proved undeveloped OIIP and the remaining proved TRR of oil occurred in the Ordos Basin,followed by the Bohai Bay Basin,while that in the proved gas initially-in-place(GIIP),the proved undeveloped GIIP,and the remaining proved TRR of gas occurred in the Ordos Basin,followed by the Sichuan Basin.In addition,a comprehensive analysis reveals that the petroliferous basins in China with the potential of reserve addition and production growth include the Ordos Basin,the Bohai Bay Basin,the Sichuan Basin,and the Tarim Basin.展开更多
In the asset valuation of oil and gas reserves, it is discovered that the production decline trend of wells is not very obvious and that it is hard to make a production forecast matching the production history, thus r...In the asset valuation of oil and gas reserves, it is discovered that the production decline trend of wells is not very obvious and that it is hard to make a production forecast matching the production history, thus resulting in a significant deviation of oil and gas asset value. For production with a significant fluctuation, the value deviation is also considerable if the matching production, which is predicted with classical decline methods, cannot appropriately reflect the time value distribution of actual production. To mitigate such a deviation, a concept is proposed concerning the value constrained production forecast and the value constrained production decline model is developed. A field case is demonstrated as an application of such a model. The model can significantly decrease the risk in the value deviation of a production decline analysis and be applied to the production forecasts for a single well, well clusters, blocks or field scale, and even for other mining industries.展开更多
By reviewing the challenges in the development of oilfields in China under low oil prices,this study analyzes the root causes of cost rising,put forwards the low cost oilfield development strategy and specific paths t...By reviewing the challenges in the development of oilfields in China under low oil prices,this study analyzes the root causes of cost rising,put forwards the low cost oilfield development strategy and specific paths to realize the strategy,and predicts the development potential and prospect of oilfields in China.In addition to the low grade of the reservoir and high development maturation,the fundamental reasons of development full cost rising of oilfields in China are as follows:(1)Facing the problem of resources turning poorer in quality,we have built production capacity at a pace too fast before making enough technical and experimental preparation;(2)technical engineering service model leads to high service cost;(3)team of oil development expertise and matched engineering system cannot satisfy the technical requirements of stabilizing oil production,controlling water cut and fine development.To realize development at low cost,the core is to increase economic recoverable reserves.The concrete paths include:(1)to explore the"Daqing oilfield development culture",improve the ability of leaders in charge of development,and inspire potential of staff;(2)to improve the ability of reservoir dynamics control,and implement precise development by following scientific principles;(3)to speed up integration of water flooding and enhanced oil recovery(EOR)and technological upgrading in order to enhance oil recovery;(4)to innovate key techniques in gas flooding and accelerate the industrial popularization of gas flooding;(5)to break the related transaction barriers and create new management models;and(6)to collaboratively optimize strategic layout and cultivate key oil bases.Although oilfield development in China faces huge challenges in cost,the low-cost development strategy will succeed as long as strategic development of mature and new oil fields is well planned.The cores to lower cost are to control decline rate and enhance oil recovery in mature oil fields,and increase single well productivity through technical innovation and improve engineering service efficiency through management innovation in new oil fields.展开更多
文摘This study analyzes the status-quo of the proved oil/gas initially-in-place and its variation trend,the proved undeveloped oil/gas initially-in-place,and the remaining proved technically recoverable reserves(TRR)of oil/gas in China as of 2020 based on statistics.As shown by the results,the proved oil initially-in-place(OIIP),the proved undeveloped OIIP,and the remaining proved TRR of oil in China are mainly distributed in the Bohai Bay,Ordos and Songliao Basins,and those of free gas are mainly in the Ordos,Sichuan,and Tarim Basins.From 2011 to 2020,the largest increment in the proved OIIP,the proved undeveloped OIIP and the remaining proved TRR of oil occurred in the Ordos Basin,followed by the Bohai Bay Basin,while that in the proved gas initially-in-place(GIIP),the proved undeveloped GIIP,and the remaining proved TRR of gas occurred in the Ordos Basin,followed by the Sichuan Basin.In addition,a comprehensive analysis reveals that the petroliferous basins in China with the potential of reserve addition and production growth include the Ordos Basin,the Bohai Bay Basin,the Sichuan Basin,and the Tarim Basin.
文摘In the asset valuation of oil and gas reserves, it is discovered that the production decline trend of wells is not very obvious and that it is hard to make a production forecast matching the production history, thus resulting in a significant deviation of oil and gas asset value. For production with a significant fluctuation, the value deviation is also considerable if the matching production, which is predicted with classical decline methods, cannot appropriately reflect the time value distribution of actual production. To mitigate such a deviation, a concept is proposed concerning the value constrained production forecast and the value constrained production decline model is developed. A field case is demonstrated as an application of such a model. The model can significantly decrease the risk in the value deviation of a production decline analysis and be applied to the production forecasts for a single well, well clusters, blocks or field scale, and even for other mining industries.
文摘By reviewing the challenges in the development of oilfields in China under low oil prices,this study analyzes the root causes of cost rising,put forwards the low cost oilfield development strategy and specific paths to realize the strategy,and predicts the development potential and prospect of oilfields in China.In addition to the low grade of the reservoir and high development maturation,the fundamental reasons of development full cost rising of oilfields in China are as follows:(1)Facing the problem of resources turning poorer in quality,we have built production capacity at a pace too fast before making enough technical and experimental preparation;(2)technical engineering service model leads to high service cost;(3)team of oil development expertise and matched engineering system cannot satisfy the technical requirements of stabilizing oil production,controlling water cut and fine development.To realize development at low cost,the core is to increase economic recoverable reserves.The concrete paths include:(1)to explore the"Daqing oilfield development culture",improve the ability of leaders in charge of development,and inspire potential of staff;(2)to improve the ability of reservoir dynamics control,and implement precise development by following scientific principles;(3)to speed up integration of water flooding and enhanced oil recovery(EOR)and technological upgrading in order to enhance oil recovery;(4)to innovate key techniques in gas flooding and accelerate the industrial popularization of gas flooding;(5)to break the related transaction barriers and create new management models;and(6)to collaboratively optimize strategic layout and cultivate key oil bases.Although oilfield development in China faces huge challenges in cost,the low-cost development strategy will succeed as long as strategic development of mature and new oil fields is well planned.The cores to lower cost are to control decline rate and enhance oil recovery in mature oil fields,and increase single well productivity through technical innovation and improve engineering service efficiency through management innovation in new oil fields.
