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Technical Guidance for Petroleum Exploration and Production Plans by Tarek Al-Arbi Omar Ganat

Technical Guidance for Petroleum Exploration and Production Plans by Tarek Al-Arbi Omar Ganat

Author:Tarek Al-Arbi Omar Ganat
Language: eng
Format: epub
ISBN: 9783030452506
Publisher: Springer International Publishing


Scenario

Well spacing (ft)

No of wells

Fracture spacing (ft)

Fracture conductivity (md-ft)

Fracture half length (ft)

1

500

8

350

50

250

2

750

6

350

46

350

3

1000

5

250

49

400

4

1250

4

250

51

400

5

1500

3

250

50

400

Fig. 6.5Field cumulative gas production versus Well spacing for five drilling scenarios

Generally, we judge the success of a project according to the NPV. Accordingly, Fig. 6.6 compares the best NPV for the drilling scenarios. While the 5 wells scenario produces the maximum NPV, and the 4 wells scenario produces the second optimum NPV. Also, the 4 wells scenario can be an adequate choice, mainly if the capital budget for drilling and completion is limited.

Fig. 6.6Shows Net Present Value versus well spacing for five drilling scenarios



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