Download or read book Uncertainty Quantification of Volumetric and Material Balance Analysis of Gas Reservoirs with Water Influx Using a Bayesian Framework written by Asti Wulandari Aprilia and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Accurately estimating hydrocarbon reserves is important, because it affects every phase of the oil and gas business. Unfortunately, reserves estimation is always uncertain, since perfect information is seldom available from the reservoir, and uncertainty can complicate the decision-making process. Many important decisions have to be made without knowing exactly what the ultimate outcome will be from a decision made today. Thus, quantifying the uncertainty is extremely important. Two methods for estimating original hydrocarbons in place (OHIP) are volumetric and material balance methods. The volumetric method is convenient to calculate OHIP during the early development period, while the material balance method can be used later, after performance data, such as pressure and production data, are available. In this work, I propose a methodology for using a Bayesian approach to quantify the uncertainty of original gas in place (G), aquifer productivity index (J), and the volume of the aquifer (W[subscript i]) as a result of combining volumetric and material balance analysis in a water-driven gas reservoir. The results show that we potentially have significant non-uniqueness (i.e., large uncertainty) when we consider only volumetric analyses or material balance analyses. By combining the results from both analyses, the non-uniqueness can be reduced, resulting in OGIP and aquifer parameter estimates with lower uncertainty. By understanding the uncertainty, we can expect better management decision making.