Ronald Terry – författare

The Definitive Guide to Petroleum Reservoir Engineering–Now Fully Updated to Reflect New Technologies and Easier Calculation Methods

 

Craft and Hawkins’ classic introduction to petroleum reservoir engineering is now fully updated for new technologies and methods, preparing students and practitioners to succeed in the modern industry. In Applied Petroleum Reservoir Engineering, Third Edition, renowned expert Ronald E. Terry and project engineer J. Brandon Rogers review the history of reservoir engineering, define key terms, carefully introduce the material balance approach, and show how to apply it with many types of reservoirs.

 

Next, they introduce key principles of fluid flow, water influx, and advanced recovery (including hydrofracturing). Throughout, they present field examples demonstrating the use of material balance and history matching to predict reservoir performance. For the first time, this edition relies on Microsoft Excel with VBA to make calculations easier and more intuitive.

 

This edition features

Extensive updates to reflect modern practices and technologies, including gas condensate reservoirs, water flooding, and enhanced oil recovery Clearer, more complete introductions to vocabulary and concepts– including a more extensive glossary Several complete application examples, including single-phase gas, gas-condensate, undersaturated oil, and saturated oil reservoirs Calculation examples using Microsoft Excel with VBA throughout Many new example and practice problems using actual well data A revamped history-matching case study project that integrates key topics and asks readers to predict future well production

 

The authors cover two general topics: basic engineering economics and risk analysis in this text. Within the topic of engineering economics are discussions on the time value of money and interest relationships. These interest relationships are used to define certain project criteria that are used by engineers and project managers to select the best economic choice among several alternatives. Projects examined will include both income- and service-producing investments. The effects of escalation, inflation, and taxes on the economic analysis of alternatives are discussed. Risk analysis incorporates the concepts of probability and statistics in the evaluation of alternatives. This allows management to determine the probability of success or failure of the project. Two types of sensitivity analyses are presented. The first is referred to as the range approach while the second uses probabilistic concepts to determine a measure of the risk involved. The authors have designed the text to assist individuals to prepare to successfully complete the economics portions of the Fundamentals of Engineering Exam.Table of Contents: Introduction / Interest and the Time Value of Money / Project Evaluation Methods / Service Producing Investments / Income Producing Investments / Determination of Project Cash Flow / Financial Leverage / Basic Statistics and Probability / Sensitivity Analysis