Integrated Reservoir Asset Management

The primary objective of this book, “Integrated Reservoir Asset Management: Principles and Best Practices,” is to introduce the topic of reservoir management to those with diverse technical backgrounds. In modern reservoir management, reliance on asset management teams is key. These teams are composed of individuals from various scientific and engineering disciplines. Moreover, they include professionals such as chemists, physicists, biologists, production engineers, flow assurance engineers, drilling engineers, facilities engineers, mechanical engineers, electrical engineers, and environmental engineers, thereby strengthening the collaborative and interdisciplinary approach to effective reservoir management.

This book aims to introduce reservoir management concepts and terminology frequently encountered by reservoir asset management teams and professionals. This book serves as an introductory resource for science and engineering students, practicing scientists, engineers, and individuals seeking to expand their knowledge through continuing education, industry short courses, or self-study.

Included in the book is an update of the material in Shared Earth Modeling (2002), which was a compilation of material that I taught in reservoir characterization courses for geoscientists and petroleum engineers at the Colorado School of Mines. The change in title from Shared Earth Modeling to Integrated Reservoir Asset Management recognizes the technical diversity now found in modern asset management teams, and it changes the focus from the shared earth model to reservoir management.

All too often, senior reservoir managers have found that their junior staff lack an adequate understanding of reservoir management techniques and best practices needed to optimize the development of oil and gas fields. Written by an expert professional/educator, Integrated Reservoir Asset Management introduces the reader to the processes and modeling paradigms needed to develop the skills to increase reservoir output and profitability and decrease guesswork.

One of the only references to recognize the technical diversity of modern reservoir management teams, Fanchi seamlessly brings together concepts and terminology, creating an interdisciplinary approach for solving everyday problems. The book starts with an overview of reservoir management, fluids, geological principles used to characterization, and two key reservoir parameters (porosity and permeability).