FORECASTING THE RESERVOIR DATA OF OILFIELD IN LIBYA BY USING DECLINE CURVE ANALYSIS

Decline Curves Analysis commonly ordinarily applied to evaluate the original hydrocarbon in place, hydrocarbon reserves, and forecasting future production performance. The Decline Curves Analysis development was presented by Johnson and Bollens in (1928) and later on (1945) which is called "loss-ratio". Many discussions of the mathematical relationship between the past time, production rate, and the cumulative production depend on the decline rate. Decline Curve Analysis is a technique which might be stratified for a single well or whole reservoir by either production engineer or reservoir engineer. In oil industry, remaining reserves are the substantial target. The objective of this study is to determine and clear estimation of a reservoir performance in Libyan Oilfields by using Decline Curves Analysis and estimate the reservoir life. Also, in this work we simulate the production operation data to find out the better matching of forecasting results and the economic impact of the selected reservoir. This research is an attempt to determine one of Libyan reservoir performance and determine which one of the three classifications of the Decline Curves are Exponential, Hyperbolic, and/or Harmonic by using one of the most widespread important reliable methods to estimate the depletion of reservoir pressure with the consideration of the method limitations, the changes in the facilities downstream, and hydrocarbons production rate.