International Journal of Academic Research in Economics and Management Sciences

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Oil and Gas Reservoirs Management Principles: Challenges and Strategies for Optimal Preservation of Hydrocarbon Reserves in the Common Fields

Open access
Management Repository is an interesting way to raise the profitability of the oil companies; in fact, reservoir management is a key to success during the life of the reservoir from the exploration to abandonment stage. To achieve optimal operation of a vessel, in addition to proper methods for recovery, it is necessary to evaluate the economic aspects. In fact, the optimal harvest is meant to protect oil reservoirs. Unfortunately, the lack of knowledge of the science of management and safeguard the withdrawal of reservoirs cause the production of these huge resources to be faced with challenges and to be decreased in the short term. Today, one of the challenges posed for the oil and gas producing countries is the state of production from common fields in terms of the number of wells, the place of the drilled well, the amount of production and application of EOR and optimal methods appropriate with the physical conditions of the reservoir. Using the literature, this paper is to examine the management of oil and gas reservoirs and by discussing the challenges facing the preservation of hydrocarbon reserves in the common fields, presents recommendations to optimize recovery and preserve these resources.