Comprehensive Application

New strategies of beneficial development of in-situ combustion in nearly abandoned heavy oil reservoirs

  • Yiqiong ZHENG ,
  • Tao ZHANG ,
  • Haiying LIU ,
  • Conghui RUAN ,
  • Shuai ZOU
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  • 1. Research Institute of Exploration and Development, Xinjiang Oilfield Company, PetroChina, Karamay, Xinjiang 834000, China
    2. School of Economics and Management, China University of Petroleum(East China), Qingdao, Shandong 266580, China

Received date: 2023-12-06

  Online published: 2024-07-10

Abstract

Nearly abandoned heavy oil reservoirs present significant challenges for effective reserve utilization using conventional development methods. In-situ combustion technology emerges as a promising solution to enhance recovery from such reservoirs, although its widespread adoption is hindered by high investment costs and economic inefficiencies. This study employs a break-even model and sensitivity analysis within a volume-cost-benefit framework to explore the equilibrium between oil production costs and revenues under varying oil price scenarios from a multidimensional operational perspective. This approach clarifies the critical economic indices of fire-flooding operations and aims to optimize production operations and decision-making effectiveness. The findings reveal significant gaps in pre- and post-operation understanding of the reservoir, where inputs often surpass outputs, coupled with a lack of clear control strategies. These factors contribute to the low cost-effectiveness of in-situ combustion and insufficient grasp of sustained development and operational risks, ultimately impacting investment decisions in reservoir development. The study not only directs improvements in operational efficiency for in-situ combustion but also offers technical support and introduces new management strategies for the effective development of nearly abandoned heavy oil reservoirs.

Cite this article

Yiqiong ZHENG , Tao ZHANG , Haiying LIU , Conghui RUAN , Shuai ZOU . New strategies of beneficial development of in-situ combustion in nearly abandoned heavy oil reservoirs[J]. Petroleum Reservoir Evaluation and Development, 2024 , 14(3) : 504 -509 . DOI: 10.13809/j.cnki.cn32-1825/te.2024.03.020

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