Open AccessResearch on Investment and Daily Production Limit of Largescale Fracturing Productivity Project of New Vertical Well
Author(s) -
Ziyong Sun
Publication year - 2019
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/384/1/012227
Subject(s) - depreciation (economics) , petroleum engineering , investment (military) , production (economics) , scale (ratio) , productivity , hydraulic fracturing , index (typography) , environmental science , geology , computer science , economics , geography , cartography , financial capital , politics , political science , law , capital formation , world wide web , macroeconomics , economic growth , human capital
Large-scale fracturing technology is a new type of fracturing technology developed in recent years along with the fracturing theory research of natural fractured reservoirs. The application of large-scale fracturing in vertical wells has achieved good production results. However, due to the short application time of new technology in oilfields and the low regularity of development indexes, there is no economic evaluation method for shaping. This paper evaluates the development effect of large-scale fracturing in Daqing Oilfield, clarifies the variation law of its development index, and establishes the index prediction method in the evaluation period. Through sorting out the various depreciation calculation methods used in economic evaluation, the appropriate modified production method is selected as the method of calculating depreciation. Based on the relevant data and results of economic evaluation of oilfield development, the economic evaluation method of large-scale fracturing technology productivity project has been formed, and the calculation program has been compiled. The program is used to calculate the investment boundaries of large-scale fracturing blocks with different single well daily production under the condition of multiple oil prices, draw the maps of single well investment and single well daily production boundaries under different oil prices in large-scale fracturing blocks, and analyze the sensitivity of investment boundaries. The research results will be applied in proven reserves submission, unused reserves evaluation and oilfield development planning. Using this method for reference, the boundary maps of conventional water flooding development and large-scale volume fracturing can be drawn, and the research results can be applied to a greater extent.