Definition - What does Reservoir Management mean?
Reservoir Management is a dynamic process used to describe the uncertainties that can affect the performance of the reservoir. With the help of multidisciplinary technologies, it can be an optimal way to achieve synergy. The management of reservoirs defines various strategies to maintain effective and ongoing programs. It represents the changing needs of a resource and the organization. Besides, it consists of various processes that require continuous interaction of operational and management groups.
Petropedia explains Reservoir Management
Reservoir Management uses elements of petroleum engineering, geology and geophysics. It plays a vital role in predicting and managing the recovery of natural gas from the rock formations beneath the earth's surface. It is used throughout the life cycle of natural gas fields and crude oil. With the help of improvised technologies such as remote sensors and simulation modeling it improves the production rate thus increases the total amount of oil or gas produced. Moreover, the reservoir management helps in transient analysis and fluid modeling. The management process depends on the size, complexity and depletion state that are tailored to individual fields.