Difference between revisions of "Enhancement Tracking"
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:V3 - production loss due to decline rate. | :V3 - production loss due to decline rate. | ||
| − | [[IOR]] is calculated to selected [[Enhancement]] lifetime or | + | [[IOR]] is calculated to selected [[Enhancement]] lifetime or economic limit. |
[[File:Enhancement Tracking.png| Enhancement Tracking |600px]]<ref name = Innovator12 /> | [[File:Enhancement Tracking.png| Enhancement Tracking |600px]]<ref name = Innovator12 /> | ||
Revision as of 12:34, 17 July 2018
Brief
Enhancement Tracking is a workflow to track and evaluate the benefits of the Enhancements.
As a result Enhancement Tracking provides a Scorpion Plot which is $/bbl metrics of the Enhancements.
Math and Physics
The incremental oil recovery (IOR) for the given Enhancement is:
where:
- V2 - production increase due to Enhancement,
- V1 - production loss due to downtime,
- V3 - production loss due to decline rate.
IOR is calculated to selected Enhancement lifetime or economic limit.
Scorpion Plot
References
- ↑ Nguyen, Dzu (September–October 2006). "Improving Performance Management in TNK-BP". Innovator, TNK-BP Technology Magazine (12).
