Decline curves: Exercise 1

A field is producing 500 m3/d and seems to follow an hyperbolic decline with following properties
D= 21.90% %/year
b 0.5
Initial flow rate 500 m3/d
Build 1P, 2P, and 3P production profiles as follows
1P 2P 3P
Decline law Exp Hyper Harm
Decline rate %/year 21.9% 21.9% 21.9%
b factor 0 0.5 1
Economic rate m3/d 80 70 60

Exp Hyper Harm

t eco t Np(t) Np(t) Np(t)
8.36795188926169 0 0 0 0
15.2749992614086 1 163898.57 164488.51 165025.71
2000000
33.4855403348554 2 295561.85 299425.76 302711
3 401329.82 412118.93 420840.62 1800000

4 486295.53 507649.51 524284.88 1600000

5 554550.33 589660.74 616294.63 1400000
6 609380.89 660832.83 699148 1200000
7 653427.47 723181.43 774503.64 1000000
8 688811 778251.6 843606.6
800000
9 717235.44 827247.54 907415.5
600000
10 740069.38 871121.72 966684.1 Eco limit 8,36
400000
11 758412.37 910637.33 1022016 years

12 773147.7 946413.14 1073901 200000

13 784984.9 978956.06 1122745 0

0 5 10
14 794494 1008685 1168883
15 802132.85 1035951 1212600
16 808269.3 1061047 1254138
17 813198.85 1084222 1293703
18 817158.87 1105688 1331475
19 820340 1125629 1367609
20 822895.53 1144201 1402240
21 824948.42 1161540 1435490
22 826597.55 1177765 1467464
23 827922.33 1192980 1498256
24 828986.56 1207277 1527951
25 829841.48 1220736 1556624
26 830528.25 1233429 1584343
27 831079.95 1245419 1611170
28 831523.14 1256763 1637160
29 831879.17 1267513 1662364
30 832165.17 1277713 1686828
31 832394.92 1287405 1710594
32 832579.49 1296625 1733701
33 832727.75 1305408 1756185
34 832846.86 1313784 1778077
 Chart Title

Eco limit 8,36 Eco limit Eco limit

years 15,27 years 33,48 years

5 10 15 20 25 30 35 40

Exp Hyper Harm