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Page 38
Volume 3
Journal of Environmental Chemistry and Toxicology
oil and gas
August 05-06, 2019 | Singapore
International Conference on
Oil Gas 2019
August 05-06, 2019
J Environ Chem Toxicol, Volume 3
Well production planning and optimization by using CMG software
Sreeharsha V
VFSTR University, India
Statement of the Problem:
Reservoir engineer who have experienced problems in production optimization at their working field or
industry. Production planning and optimization plays a key role in company’s profit and their position in competitive oil sector because
it leads to economic growth and sustainability of company. In recent years, Researchers have reported that usage of all data which
available with them are not sufficient to analyze; they need to do more filtration of data and resolve the uncertainties in predictable
zones of reservoir. However, this topic has been previously studied but it needs in depth way to get better results. The purpose of this
study is to describe the importance of simulation tool usage in production optimization and planning. Methodology & Theoretical
Orientation: The usage of cmg software tool to know number of wells, economical production of time and production rate.Aframework
was utilized to focus on the interaction between the well actual & theoretical production data to understand this relationship and the
context in which it occurs.
Findings:
The study will give more information about production analysis and future forecast of the production.
Conclusion&Significance:
Software tools usage in production of oil from reservoir leads to more economical and appreciable results.