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 Mature Fields Development Spe 2012

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[Music] IOR for mature oilfield development this video is based on Professor probably spread intended as part of the SPE distinguished lecturer program let us first start with a question what exactly is a mature oil and gas field here is an example of the typical production life of a field can you guess at which point marked by a red question mark would be considered the time that the field has reached maturity [Music] did you guess it correctly mature fields are feels reaching the peak of their production or fields in declining mode and fields that are reaching their economic limit after primary and secondary recovery efforts now that we have defined a mature field why are mature oil and gas fields important this chart shows the number of oil and gas giant fields that were discovered since 1868 there are around 30,000 oil fields in the world and the total number of reserves amounts to approximately a hundred and fifty billion cubic meters 33 of the remaining giant mature oil fields co

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