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System and method for real time reservoir management

  • US 20020016679A1
  • Filed: 03/23/2001
  • Published: 02/07/2002
  • Est. Priority Date: 07/20/1999
  • Status: Active Grant
First Claim
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1. A method of real time field wide reservoir comprising the steps of:

  • (a) processing collected field wide reservoir data in accordance with one or more predetermined algorithms to obtain a resultant desired field wide production/injection forecast;

    (b) generating a signal to one or more individual well control devices instructing the device to increase or decrease flow through the well control device;

    (c) transmitting the signal to the individual well control device;

    (d) opening or closing the well control device in response to the signal to increase or decrease the production of one or more selected wells; and

    (e) repeating steps (a) through (d) on a real time basis.

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