Reserves Estimation and Economic Modelling Of Tight Gas/ Unconventional Reservoir

Reserves estimation for oil and gas reservoir has always been an interesting topic in the effort of estimating the volume of hydrocarbon in the world, which can be recoverable and economically produced. Recently, unconventional gas reservoirs have becoming hot topic of interest and playing an ever increasing role towards satisfying current and future energy demands, due to their high possibility for gas production. Therefore, this paper will discuss about the reserves estimation for tight gas/ unconventional reservoirs alongside with the economic modelling. Numerous methods of reserves estimation has been introduced decades ago to accurately estimate the hydrocarbon volumes. However, not all methods of reserves estimation is suitable for tight gas/ unconventional reservoirs. With the advances of technology, sophisticated methods or techniques are being applied to explore the hydrocarbon world in the extent that we never encounter before, especially in the context of unconventional resources. Therefore, comprehensives information regarding tight gas/ unconventional reservoirs will be discussed in this project. Ultimately, our goal in this project is to identify different methods of reserves estimation for tight gas/ unconventional reservoirs and study the best available method as well as introduce any other approach or modification made for the method of reserves estimation