1. Reservoir Characterization Capstone Project Semester 1 PNG 490 – Team 26 April 29 th 2014

2. Goals and Objectives Discretize and map the given formations Analyze log data Calculate expected recoverable oil in place Recommend further action with the field

3. Findings Based upon the data: 100 - 270 Million Barrels 100 Dollar per Barrel comes out 10 – 27 Billion Dollars Further develop the selected area

4. Procedure Using generated data & 3 D models to determine sweet spots Interpolated values to entire reservoir Establish max, min & avg: water saturation & porosity Analyzed log data on 29 wells Digitalized formation topography Field discretization Client received request for field analysis

5. Geological Structure Penta Alpha was formed in the early cretaceous period Predict the ability to produce oil Types of lithology Limestone, sandstone, and minimal shale deposits Types of obstacles Drilling Break, and kick Pay zone rocks Sandstone

6. Discretization Process Analyzing contour map Drawing grids Construct surface map Surface Map of Penta Alpha Formation

7. 3-D Surface Map Surface Map of Penta Alpha Formation

8. Evaluating Well logs Establish cut-offs Water saturation <.7 or 70% Gamma ray < 40 API Resistivity > 10 ohm-meters Determine Net Pay

9. Well log data gathering From porosity, water saturation and net pay thickness Determine maximum, minimum and average values Three distribution maps of porosity, water saturation and net pay thickness

10. Average Water Saturation Interpolation

11. Average Porosity Interpolation

12. Net Pay Interpolation Net Pay Thickness Interpolation

13. Monte Carlo Stimulation Calculate Values within set ranges for: Recovery Factor of 0.2 to 0.4 Formation Volume Factor of 1.05 – 1.08 Calculated OOIP ranged 375 – 675 million barrels Calculated recoverable oil 100 – 270 million barrels

14. Moderate Estimate (50% confidence)

15. Conservative Estimate (90% confidence)

16. Area of Interest Determine the areas with higher barrels per acres from recoverable oil in place P50 stimulation area of 3643 acres and produce around 34 million barrels. P90 stimulation area of 3643 acres and produces around 18.5 million barrels

17. Area of Interest 50 Percentile

18. Area of Interest 90 Percentile

19. Cumulative Oil in Place

20. Cumulative Recoverable Oil

21. Conclusion Valued at approximately 10 – 27 billion US Dollars A well drilled every 640 acres should be suitable in this situation Potential revenue should be attributed to a water saturation cut off of 70% Recommend entering phase two of drilling and preparing wells for production

22. Reference Alsharhan, A.S., and A.E.M. Nairn. Sedimentary Basins and Petroleum Geology of the Middle East. N.p.: Elsevier Science & Technology, 1997. Print. Canty, Daniel. "Enhanced Oil Recovery Leaders in the Middle East." Arabianoilandgas. ITP Bussiness Publishing Ltd., 11 June 2012. Web. 17 Apr. 2014. Doveton, John H. "Basic Well Log Analysis: Reading Rocks from Wireline Logs." SEPM Shore Course No.29. 7 Apr. 2014. Lecture.