Economic evaluation of a CO/sub 2/ EOR flood at the Rock Creek Field, Roane County, West Virginia

Journal Article · Mon Aug 01 04:00:00 EDT 1988 · SPE (Society of Petroleum Engineers) Reserv. Eng.; (United States)

OSTI ID:6756505

Brummert, A C; Ammer, J R; Watts, R J; King, P; Boone, D A

The U.S. DOE Morgantown Energy Technology Center and the Pennzoil E and P Co. predicted the recovery and economic potential of a full-field, CO/sub 2/ miscible EOR flood at the Rock Creek field, Roane County, WV. Data used in this evaluation were obtained from two miscible CO/sub 2/ Rock Creek field tests: (1) a pilot test consisting of two contiguous normal five-spot patterns, each containing 10 acres (4 ha), and (2) a 1.55-acre (0.63-ha) normal four-spot minitest. Core date from the eight injection wells and three observation wells were used to determine reservoir input parameters, and fluid samples were analyzed to obtain fluid properties. A predictive model was used to calculate oil recovery and project economics. The model's base-case run showed that an oil price of $39/bbl($245/m/sup 3/) was required to produce a 15% discounted cash flow rate of return (DCF ROR). A sensitivity study was then conducted on operating parameters (i.e., pattern size, water-alternating-gas (WAG) ratio, total HCPV of WAG injected, and injection rate) and economic parameters (e.g., oil price and CO/sub 2/ cost) to determine their effect on project performance and project economics.

• Research Organization: U.S. DOE Morgantown Energy Tech. Center, Morgantown, WV (US)
• OSTI ID: 6756505
• Journal Information: SPE (Society of Petroleum Engineers) Reserv. Eng.; (United States), Journal Name: SPE (Society of Petroleum Engineers) Reserv. Eng.; (United States) Vol. 3:3; ISSN SREEE
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300* -- Petroleum-- Drilling & Production
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
CARBON DIOXIDE INJECTION
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
ENHANCED RECOVERY
FEDERAL REGION III
FLUID FLOW
FLUID INJECTION
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
INJECTION WELLS
MINERAL RESOURCES
MISCIBLE-PHASE DISPLACEMENT
NATIONAL ORGANIZATIONS
NORTH AMERICA
OIL FIELDS
PARAMETRIC ANALYSIS
PETROLEUM
PETROLEUM DEPOSITS
PRICES
RECOVERY
RESOURCES
SAMPLING
SENSITIVITY ANALYSIS
TECHNOLOGY ASSESSMENT
US DOE
US ORGANIZATIONS
USA
WELLS
WEST VIRGINIA