SPE Online Education: Enhancing the Asset/Field Value through Data Analytics-based Performance Benchmarking and Recovery Factor Improvement Plan

SPE Training 

Among the key aspects and strategies of Integrated Asset Development & Management (IADM) on enhancing the values in hydrocarbon assets throughout the field life, is to thoroughly understand the field's potentials with the right benchmarks and exampled analogues. Part 4 of this series will elaborate on the application of data analytics and associated solutions, with a focus on data-driven reservoir performance benchmarking on identifying areas of reservoir performance gaps, and formulation of Recovery Factor (RF) improvement plans through effective yet simple to use methodologies and Field Development Plans (FDP) analogues. Dr Rahim graduated from Heriot-Watt University/UK with more than 22 years industrial and research experiences in Middle East, North Sea and Malaysia/SE Asia. He is currently the Chief Technical Officer (CTO) and Group Technical Authority (GTA) & Custodian- Petroleum/Reservoir Engineering in Field Development and Asset Management & Operation in PETRONAS. He is also Distinguished Industry Advisor and Adjunct Professor at University Technology PETRONAS.

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