Analysis of the Commercial Evaluation of Oil Deposits using the Material Balance Method

DOI: 10.14800/IOGR.1288

Abstract

The study of the commercial evaluation of oil deposits using the material balance method is currently extremely important for the energy industry, as it helps to optimise oil production processes, increase resource efficiency, and make informed decisions on field development in the context of a changing energy paradigm and aspirations for sustainable development. The purpose of this study is to investigate the method of commercial evaluation of oil deposits using the material balance. In this study, methods of analysing geological data, mathematical modelling of deposits, calculating the material balance, and forecasting of oil production were used. As a result of the study of the commercial evaluation of oil deposits by the material balance method, it was found that this method helps to more accurately assess the initial oil reserves in the fields and effectively optimise their production processes, which is key to effective management of oil resources and ensuring the sustainable development of the oil industry. The results of the study showed that the method of commercial evaluation of oil deposits using the material balance provides an accurate assessment of the initial oil reserves in the fields and effectively considers changes in the volumes and properties of oil fluids during production, which is key to optimising the processes of oil production and management of oil resources. The results of the analysis of changes in the field helped to determine the efficiency of oil production, identify the dynamics of changes in reserves, and forecast further production, which significantly affects management decision-making and planning for the development of oil projects, emphasising the importance of the material balance method for the sustainable use of oil resources and efficient operation of fields.