Abstract:Comparative analysis of forecast of rate of production of oil from a reservoir using decline curve analysis and material balance was presented. The data for reservoir A located Southeast, Nigeria was obtained for the study. The analysis on the well using decline curve analysis showed that the rate of production from the well over the years followed an exponential method of decline. The rate of production of the well was predicted to be 158 stb/day in 2020. The second analysis on the well was performed using ma… Show more
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