The theory of well testing begins with an understanding of fluid flow in porous media. In this article, the continuity equation, Darcy’s law, and equation of state for a slightly compressible liquid are used to develop the diffusivity equation, describing single-phase flow of a slightly compressible liquid. [Keep reading]
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This article gives an introduction to the three basic parts of production sharing contracts - cost recovery, division of the “profit oil”, and royalty and income taxes. [Keep reading]
Continuing the March 2021 Tip of the Month, this tip presents the computer simulation results for an oil production facility with a high watercut. [Keep reading]
This article gives an overview of the types of well tests, well test applications, and the objectives of well test interpretation. [Keep reading]
This Tip of the Month presents basic thermodynamic models and estimation methods for the solubility of light hydrocarbon gases in water as a function of pressure, temperature, and composition. [Keep reading]
The Procurement and Supply Chain Management (PSCM) organization plays an important role in optimizing operational and financial efficiency. This technical article dives into the involvement of PSCM in the E&P process and total cost of ownership (TCO). [Keep reading]
