Background Info
RESERVOIR MANAGEMENT IS A PRACTICAL SCIENCE THAT USES ELEMENTS OF GEOLOGY AND PETROLEUM ENGINEERING TO PREDICT THE BEHAVIOR OF OIL AND NATURAL GAS WITHIN SUBSURFACE ROCK FORMATIONS. RESERVOIR MANAGEMENT IS USED THROUGHOUT THE FULL LIFE CYCLE OF CRUDE OIL AND NATURAL GAS RESERVOIRS. IT IS USED TO DETERMINE THE MOST COST-EFFECTIVE WAY TO MANAGE THE DEVELOPMENT OF A NEW FIELD OR TO BRING NEW LIFE TO AN OLDER FIELD WITH, FOR EXAMPLE, THE USE OF SURFACTANT FOR ENHANCED OIL RECOVERY (EOR). THROUGH THE USE OF A SUITE OF TECHNOLOGIES, RESERVOIR MANAGEMENT CAN IMPROVE PRODUCTION RATES AND INCREASE THE TOTAL AMOUNT OF OIL AND GAS THAT IS ULTIMATELY RECOVERED FROM A FIELD.
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