Question 1

a)

POSORITY FORMULA
0.19
0.18 Phi ( 1st Formula)
0.18
POROSITY, %

0.18 Phi (2nd Formula)

0.18
0.18
0.17
0 50 100 150 200 250 300
PRESSUER, BAR

1+ Cp* (P- 1-Cp* (P- Phi ( 1st Phi (2nd

P (bar) P(pa) Cp* (P-Pref) Pref) Pref) Formula) Formula)
180 1.80E+07 -0.02730 0.9727 1.0273 0.18 0.18
190 1.90E+07 -0.01820 0.9818 1.0182 0.18 0.18
200 2.00E+07 -0.00910 0.9909 1.0091 0.18 0.18
210 2.10E+07 0.00000 1.0000 1.0000 0.18 0.18
220 2.20E+07 0.00910 1.0091 0.9909 0.18 0.18
230 2.30E+07 0.01820 1.0182 0.9818 0.18 0.18
240 2.40E+07 0.02730 1.0273 0.9727 0.18 0.19
Question 2

h (from ɸ(h)= Area Area*ɸ*(1-

datum) 0.18(1+.0056h) Sw (h) Radius (sq.m ) Sw), sqm Volume, m3
5 0.18504 0.8644 1165 4261687 106931.7829 534658.9146
10 0.19008 0.7406 1115 3903727 192480.0744 962400.3721
15 0.19512 0.6286 1060 3528104 255673.1165 1278365.583
20 0.20016 0.5284 1000 3140000 296401.7318 1482008.659
25 0.2052 0.44 940 2774504 318823.8036 1594119.018
30 0.21024 0.3634 855 2295419 307216.0208 1536080.104
35 0.21528 0.2986 755 1789879 270266.9855 1351334.927
40 0.22032 0.2456 650 1326650 220501.7111 1102508.556
45 0.22536 0.2044 550 949850 170304.7007 851523.5037
50 0.2304 0.175 450 635850 120862.368 604311.84
55 0.23544 0.1574 300 282600 56062.68085 280313.4043
60 0.24048 0.1516 150 70650 14414.24134 72071.2067
Total 11649696.09

STOIP = NTG/Bo* [ Sum of Area*ɸ*(1-Sw)]= 7181320 Sm3

STGIIP= STOIIP*Rs= 1328544109 Sm3

1 year = 365 days

0.5 year = 182.5 days
Year Per day Per day Total Production, (Np) Sm3
1 2500 2500 912500
2 2500 2500 912500
2.5 1570+ 0.5(0.5*930) 1802.5 328956.3
3 1230+0.5*(340*.5) 1315 239987.5
4 740+1*.5*490 985 359525
5 420+1*0.5*320 580 211700
6 240+1*05.*200 340 124100
Total = 3089269

RF = Np/STOIIP= 0.430181215
= 43.02%
1 cubic meter = 8.3864 barrel (US)
1 bbl Oil Price = 30.00 usd
1 Sm3 Oil Price= 251.59257 usd
 Year Qty Rate Price 1+r (1+r) pow -t NPV, USD NPV, Million
USD
1 912500 6.50% 251.5926 1.065 0.938967136 2.156E+08 215.566
2 912500 6.50% 251.5926 1.065 0.881659283 2.024E+08 202.410
3 568944 6.50% 251.5926 1.065 0.827849092 1.185E+08 118.500
4 359525 6.50% 251.5926 1.065 0.777323091 7.031E+07 70.312
5 211700 6.50% 251.5926 1.065 0.729880837 3.888E+07 38.875
6 124100 6.50% 251.5926 1.065 0.685334119 2.140E+07 21.398
6.671E+08 667.061

NPV = 667.061 Million USD

Assignment 1, Part 2 Question IV

Power = 1.5
Krw, or= 0.42
Kro,cw= 0.65
A B C
krw(Sw) = Kro(Sw)
(C/B)
(Sw- (1-Scw- (1-Sw- (A/B) Krw,or * =kro,cw
Sw Scw Sor A/B C/B power
Scw) Sor) Sor) power n (A/B) (C/B)pow
n
power n er n
0.1 0.25 0.32 -0.15 0.43 0.58 -0.349 1.349 1.567
0.2 0.25 0.32 -0.05 0.43 0.48 -0.116 1.116 1.179
0.25 0.25 0.32 0 0.43 0.43 0.000 0.000 0.000 1.000 1.000 0.650
0.3 0.25 0.32 0.05 0.43 0.38 0.116 0.040 0.017 0.884 0.831 0.540
0.4 0.25 0.32 0.15 0.43 0.28 0.349 0.206 0.087 0.651 0.525 0.342
0.5 0.25 0.32 0.25 0.43 0.18 0.581 0.443 0.186 0.419 0.271 0.176
0.6 0.25 0.32 0.35 0.43 0.08 0.814 0.734 0.308 0.186 0.080 0.052
0.68 0.25 0.32 0.43 0.43 0 1.000 1.000 0.420 0.000 0.000 0.000
0.7 0.25 0.32 0.45 0.43 -0.02 1.047 1.071
0.8 0.25 0.32 0.55 0.43 -0.12 1.279 1.447
0.9 0.25 0.32 0.65 0.43 -0.22 1.512 1.859
1 0.25 0.32 0.75 0.43 -0.32 1.744 2.304