METHOD OF PERFORMING INTEGRATED OILFIELD OPERATIONS
First Claim
1. A method of performing oilfield operations for an oilfield having a subterranean formation with an underground reservoir therein, the oilfield being provided with at least one wellsite with oilfield equipment for extracting fluid from the underground reservoir, comprising:
- generating a business analysis of the oilfield based on business inputs, the business analysis comprising business outputs for characterizing the business impact of projects performed on the oilfield;
generating an operational analysis of the oilfield based on operational inputs, the operational analysis comprising operational outputs for characterizing the operational impact of projects performed on the oilfield;
selectively integrating the business analysis with the operational analysis by using the operational outputs as at least a portion of the business inputs and by using the business outputs as at least a portion of the operational inputs to form an integrated oilfield analysis, the integrated oilfield analysis comprising integrated oilfield outputs for characterizing the business and operational impact of projects performed on the oilfield;
developing an oilfield plan based on the integrated oilfield analysis; and
implementing the oilfield plan.
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Accused Products
Abstract
A method of performing oilfield operations for an oilfield having a subterranean formation with a reservoir therein is provided. The method involves generating a business analysis of the oilfield based on business inputs, generating an operational analysis of the oilfield based on operational inputs, and selectively integrating the business analysis with the operational analysis by using the operational outputs as at least a portion of the business inputs and by using the business outputs as at least a portion of the operational inputs to form an integrated oilfield analysis. The business analysis includes business outputs for characterizing the business impact of projects performed on the oilfield. The operational analysis includes operational outputs for characterizing the operational impact of projects performed on the oilfield. The integrated oilfield analysis includes integrated oilfield outputs for characterizing the business and operational impact of projects performed on the oilfield. The method may also involve developing an oilfield plan based on the integrated oilfield analysis and implementing the oilfield plan.
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Citations
26 Claims
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1. A method of performing oilfield operations for an oilfield having a subterranean formation with an underground reservoir therein, the oilfield being provided with at least one wellsite with oilfield equipment for extracting fluid from the underground reservoir, comprising:
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generating a business analysis of the oilfield based on business inputs, the business analysis comprising business outputs for characterizing the business impact of projects performed on the oilfield; generating an operational analysis of the oilfield based on operational inputs, the operational analysis comprising operational outputs for characterizing the operational impact of projects performed on the oilfield; selectively integrating the business analysis with the operational analysis by using the operational outputs as at least a portion of the business inputs and by using the business outputs as at least a portion of the operational inputs to form an integrated oilfield analysis, the integrated oilfield analysis comprising integrated oilfield outputs for characterizing the business and operational impact of projects performed on the oilfield; developing an oilfield plan based on the integrated oilfield analysis; and implementing the oilfield plan. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method of performing oilfield operations for an oilfield having a subterranean formation with an underground reservoir therein, the oilfield being provided with at least one wellsite with oilfield equipment for extracting fluid from the underground reservoir, comprising:
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performing an economic simulation of oilfield data to generate an oilfield revenue forecast having an oilfield production forecast, at least a portion of the oilfield data collected from the wellsite; determining an economic production limit based on the oilfield revenue forecast; characterizing the underground reservoir using at least one of a plurality of volume estimating techniques to generate reservoir information, the at least one of the plurality of volume estimating techniques comprising the oilfield production forecast and the economic production limit; and generating output using the reservoir information. - View Dependent Claims (13, 14, 15, 16, 17, 18)
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19. A system for performing oilfield operations for an oilfield having a subterranean formation with an underground reservoir therein, the oilfield being provided with at least one wellsite with oilfield equipment for extracting fluid from the underground reservoir, comprising:
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an economic analysis tool for; performing an economic simulation of oilfield data to generate an oilfield revenue forecast having an oilfield production forecast, at least a portion of the oilfield data collected from the wellsite, and determining an economic production limit based on the oilfield revenue forecast; a reserves management tool for characterizing the underground reservoir using at least one of a plurality of volume estimating techniques to generate reservoir information, the at least one of the plurality of volume estimating techniques comprising the oilfield production forecast and the economic production limit; and a reporting tool for generating output using the reservoir information. - View Dependent Claims (20, 21, 22, 23, 24, 25)
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26. A computer readable medium storing instructions to perform oilfield operations for an oilfield having a subterranean formation with an underground reservoir therein, the oilfield being provided with at least one wellsite with oilfield equipment for extracting fluid from the underground reservoir, the instructions comprising functionality to:
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perform an economic simulation of oilfield data to generate an oilfield revenue forecast having an oilfield production forecast, at least a portion of the oilfield data collected from the wellsite; determine an economic production limit based on the oilfield revenue forecast; characterize the underground reservoir using at least one of a plurality of volume estimating techniques to generate reservoir information, the at least one of the plurality of volume estimating techniques comprising the oilfield production forecast and the economic production limit; and generate output using the reservoir information.
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Specification