![]() ![]() For new fields, models may help development by identifying the number of wells required, the optimal completion of wells, the present and future needs for artificial lift, and the expected production of oil, water and gas. Also, models can be run on personal computers rather than more expensive workstations. Improvements in simulation software have lowered the time to develop a model. As building and maintaining a robust, reliable model of a field is often time-consuming and expensive, models are typically only constructed where large investment decisions are at stake. Also, models are used in developed fields where production forecasts are needed to help make investment decisions. ![]() Uses Reservoir simulation are used by oil and gas companies in the development of new.
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