A midsize E&P operator wanted to assess the impact of using enhanced oil recovery methods on a mature field in their portfolio. Sproule provided independent analysis of the potential of miscible flooding on a previously waterflooded reservoir.
Project Highlights
- Supported potential investment with independent analysis
- Assessed EOR methodology risks
- Determined the risk of miscible flooding
- Identified potential recoveries from the reservoir
Challenge
- The client needed to assess potential production results using enhanced oil recovery methods on mature fields in their portfolio. Specifically, they wanted to determine the potential of miscible flooding on a previously waterflooded reservoir, as a method to increase oil recovery
- To raise capital, the client required independent analysis of the range of potential future recovery from the reservoir
Solution
- Sproule evaluated the technical elements of the reservoir and development strategy, while also considering economic factors
- The Sproule technical team incorporated risk inherent in miscible flooding on a previously waterflooded reservoir into their analysis and provided a low, best and high estimate to bracket the expected production outcome
- An independent evaluation of the contingent resources indicated potential recoveries from the reservoir, while highlighting key risks potentially incurred as the project becomes commercial
Value
- The independent study validated some of the client’s assumptions and supported potential efforts to raise capital
Senior Manager, Quality and Assurance
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