Petroleum Reservoir Management, Explained

Oil is important — it is part of one’s everyday life. We need petrol to run cars as well as the train and buses that we take to go to work. In some places, it is a need to cook a meal, or even run a heater to keep themselves warm. Simply put, people’s reliance on petroleum products is the reason the government and corporations continue to improve its presence in various aspects. The oil business is an industry run by various players. They need to come up with ways to manage the natural resource. For them to do this, they conduct reservoir performance analysis, reservoir interpretation and handling as well as other means to manage petroleum reservoir. But why is petroleum reservoir management needed?

What is petroleum reservoir management?

A reservoir is a natural or artificial place where we can source or store a liquid. Because all the oil processed and distributed is from the reservoir, properly managing it is a must. Petroleum reservoir management involves different processes with the goal of determining uncertainties in the reservoir performance. Once these uncertainties become evident, researchers study and integrate processes on how to optimize and further study reservoir performance. Reservoir management works by treating the whole thing as a single entity that runs on a single system instead of diverse parts. To do this, businesses need various types of technology and skills.

How can it benefit companies?

Reservoir management requires skills, techniques, and tools from various industries. It might seem like hard work, but companies dive into reservoir management to be able to control their operations. In turn, better control can give them maximum economic recovery through the information gathered from the process of reservoir management itself. Petroleum reservoir management requires skills as well as funding. But, it is a system that companies, as well as clients, can benefit from.