Fundamental problems of the oil industry

UDK: 553.98.04:622.276
Key words: geological, balance, off-balance, recoverable reserves, design of rational development system, geological and filtration models, absolute and effective pore space, economic criteria, net present value (NPV), internal rate of return (IRR), profitability index (PI), the period of cost recovery, oil difficult to recover, oil recovery factor, geological models
Authors: R.Kh. Muslimov (Kazan (Volga Region) Federal University, RF, Kazan)
The current state of the oil industry requires an urgent solution to fundamental problems. Based on the foundation of the modern petroleum science, it’s necessary to calculate reserves and to accomplish a design, taking into account geological, balance, off-balance, and recoverable reserves. The geological models should be built on a new basis in accordance with these categories, the filtration models - in accordance with current concepts of filtration processes. Design should be accomplished on the basis of the effective pore space concept, using models that take into account the geological reserves and all the peculiarities of the geological structure of deposits. Development should be carried on the principles of innovative design, taking into account the new criteria of optimality and rationality.

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