2018
DOI: 10.3390/en11010218
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Modeling the Risk of Commercial Failure for Hydraulic Fracturing Projects Due to Reservoir Heterogeneity

Abstract: Abstract:Hydraulic fracturing technologies play a major role in the global energy supply and affect oil pricing. The current oil price fluctuations within 40 to 55 USD per barrel have caused diminished economical margins for hydraulic fracturing projects. Hence, successful decision making the for execution of hydraulic fracturing projects requires a higher level of integration of technical, commercial, and uncertainty analyses. However, the complexity of hydraulic fracturing modeling, and the sensitivity and t… Show more

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Cited by 12 publications
(5 citation statements)
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“…The creation of large stimulated reservoir volumes (SRVs) has been achieved through breakthroughs in hydraulic fracturing technology; however, fracture treatment is not necessarily effective [3]. Operators have started utilizing tighter spaced clusters, longer stage lengths, and greater proppant volumes in their stimulation designs [4,5]. The ultimate oil recovery reported by several studies is less than 8% due to a rapid decline in unconventional well performance, and by approximately 75% within the first two years of well production (Figure 1).…”
Section: Introductionmentioning
confidence: 99%
“…The creation of large stimulated reservoir volumes (SRVs) has been achieved through breakthroughs in hydraulic fracturing technology; however, fracture treatment is not necessarily effective [3]. Operators have started utilizing tighter spaced clusters, longer stage lengths, and greater proppant volumes in their stimulation designs [4,5]. The ultimate oil recovery reported by several studies is less than 8% due to a rapid decline in unconventional well performance, and by approximately 75% within the first two years of well production (Figure 1).…”
Section: Introductionmentioning
confidence: 99%
“…Methods exist for reducing skin factor caused by condensate saturation are classified as mechanical and chemical approaches. Some mechanical approaches are reperforating (Aminnaji et al 2015), horizontal well, and hydraulic fracturing (Parvizi et al 2018). Some chemical approach are near-wellbore wettability alteration (Sharifzadeh et al 2013;Karandish et al 2015), injection of solvent (Aminnaji et al 2015), dry gas (Aminnaji et al 2015), water (Failed 1992), andnitrogen (Failed 1992).…”
Section: Future Studiesmentioning
confidence: 99%
“…Hydraulic fracturing treatments significantly affect the cost of oil and gas extraction from unconventional reservoirs and their global prices. Thus, making decisions on the execution of hydraulic fracturing projects requires a higher level of integration of technical, commercial, and uncertainty analyses [21].…”
Section: Introductionmentioning
confidence: 99%