Oil India - Inventory management
MAIN STEPS & RESULTS
IL’s systematic and scientific approach to exploration has been rewarded with a high success ratio of 65% of exploratory wells drilled. OIL also possesses 2D and 3D seismic data acquisition capabilities, with excellent support services ranging from satellite navigation systems to remote blasting units. OIL has so far acquired, processed and interpreted over 70,000 line km of 2D and 5,000 sq km of 3D seismic data in a variety of terrains, including hills, deserts, rivers, marshes, etc. OIL has also developed special expertise in reservoir management of ageing fields. Today, OIL has state-of-the-art numerical reservoir simulators.
OIL has pioneered the implementation of the concepts of modern reservoir management in the Indian oil industry. Numerical reservoir simulation, introduced by OIL in India for the first time in the early seventies, has remained its forte since inception. Simulation has been used as an important tool for management planning, production forecasting and decision making. Based on numerical simulation studies, gas and water injection, and water and polymer flooding projects have been successfully implemented in OIL’s fields, yielding recoveries averaging over 20% in excess of the recoverable solely by primary depletion.
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