A Novel Approach Towards The Field Application of a Chelating Agent Based Stimulation System To Optimize DataFrac and Wellbore Stimulation in a Tight and Low Temperature Carbonate Reservoir

2018 ◽  
Author(s):  
Arif Yousuf ◽  
Saqib Jah Temuri ◽  
Mustansar Raza ◽  
Afnan Ahmed Dar ◽  
Sarmad S. Siddiqi ◽  
...  
2021 ◽  
pp. 014459872199465
Author(s):  
Yuhui Zhou ◽  
Sheng Lei ◽  
Xuebiao Du ◽  
Shichang Ju ◽  
Wei Li

Carbonate reservoirs are highly heterogeneous. During waterflooding stage, the channeling phenomenon of displacing fluid in high-permeability layers easily leads to early water breakthrough and high water-cut with low recovery rate. To quantitatively characterize the inter-well connectivity parameters (including conductivity and connected volume), we developed an inter-well connectivity model based on the principle of inter-well connectivity and the geological data and development performance of carbonate reservoirs. Thus, the planar water injection allocation factors and water injection utilization rate of different layers can be obtained. In addition, when the proposed model is integrated with automatic history matching method and production optimization algorithm, the real-time oil and water production can be optimized and predicted. Field application demonstrates that adjusting injection parameters based on the model outputs results in a 1.5% increase in annual oil production, which offers significant guidance for the efficient development of similar oil reservoirs. In this study, the connectivity method was applied to multi-layer real reservoirs for the first time, and the injection and production volume of injection-production wells were repeatedly updated based on multiple iterations of water injection efficiency. The correctness of the method was verified by conceptual calculations and then applied to real reservoirs. So that the oil field can increase production in a short time, and has good application value.


2021 ◽  
Vol 13 (1) ◽  
pp. 122-129
Author(s):  
Kaiyuan Liu ◽  
Li Qin ◽  
Xi Zhang ◽  
Liting Liu ◽  
Furong Wu ◽  
...  

Abstract Carbonate rocks frequently exhibit less predictable seismic attribute–porosity relationships because of complex and heterogeneous pore geometry. Pore geometry plays an important role in carbonate reservoir interpretation, as it influences acoustic and elastic characters. So in porosity prediction of carbonate reservoirs, pore geometry should be considered as a factor. Thus, based on Gassmann’s equation and Eshelby–Walsh ellipsoidal inclusion theory, we introduced a parameter C to stand by pore geometry and then deduced a porosity calculating expression from compressional expression of Gassmann’s equation. In this article, we present a porosity working flow as well as calculate methods of every parameter needed in the porosity inverting equation. From well testing and field application, it proves that the high-accuracy method is suitable for carbonate reservoirs.


1974 ◽  
Vol 13 (11) ◽  
pp. 1787-1791 ◽  
Author(s):  
Katsumi Araki ◽  
Michitada Endo ◽  
Kichinosuke Yahagi

2012 ◽  
Vol 30 (10) ◽  
pp. 976-985 ◽  
Author(s):  
A. Gandomkar ◽  
R. Kharrat ◽  
M. Motealleh ◽  
H. H. Khanamiri ◽  
M. Nematzadeh ◽  
...  

2020 ◽  
Vol 5 (2) ◽  
pp. 94-115
Author(s):  
Heba M. Ezzat

Purpose This paper aims at developing a behavioral agent-based model for interacting financial markets. Additionally, the effect of imposing Tobin taxes on market dynamics is explored. Design/methodology/approach The agent-based approach is followed to capture the highly complex, dynamic nature of financial markets. The model represents the interaction between two different financial markets located in two countries. The artificial markets are populated with heterogeneous, boundedly rational agents. There are two types of agents populating the markets; market makers and traders. Each time step, traders decide on which market to participate in and which trading strategy to follow. Traders can follow technical trading strategy, fundamental trading strategy or abstain from trading. The time-varying weight of each trading strategy depends on the current and past performance of this strategy. However, technical traders are loss-averse, where losses are perceived twice the equivalent gains. Market makers settle asset prices according to the net submitted orders. Findings The proposed framework can replicate important stylized facts observed empirically such as bubbles and crashes, excess volatility, clustered volatility, power-law tails, persistent autocorrelation in absolute returns and fractal structure. Practical implications Artificial models linking micro to macro behavior facilitate exploring the effect of different fiscal and monetary policies. The results of imposing Tobin taxes indicate that a small levy may raise government revenues without causing market distortion or instability. Originality/value This paper proposes a novel approach to explore the effect of loss aversion on the decision-making process in interacting financial markets framework.


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