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===Reservoir simulation===
 
===Reservoir simulation===
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The material balance method is actually a subset of the mathematical techniques that are available to modern petroleum engineers. Reservoir simulators use material balance as well as fluid flow equations to model the reservoir as a group of interconnected tanks. The advent of powerful computers has made the use of numerical simulation quite common for estimating reserves and recovery as well as initial volume in place. Since reservoir simulation can account for performance history through history matching, this method incorporates facets of all the techniques discussed. With sufficient data and prudent use of simulators, this method provides the best recovery estimates for complex reservoirs.
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The material balance method is actually a subset of the mathematical techniques that are available to modern [[petroleum]] engineers. Reservoir simulators use material balance as well as fluid flow equations to model the reservoir as a group of interconnected tanks. The advent of powerful computers has made the use of numerical simulation quite common for estimating reserves and recovery as well as initial volume in place. Since reservoir simulation can account for performance history through history matching, this method incorporates facets of all the techniques discussed. With sufficient data and prudent use of simulators, this method provides the best recovery estimates for complex reservoirs.
    
==Production history analysis==
 
==Production history analysis==
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* [http://archives.datapages.com/data/alt-browse/aapg-special-volumes/me10.htm Original content in Datapages]
 
* [http://archives.datapages.com/data/alt-browse/aapg-special-volumes/me10.htm Original content in Datapages]
 
* [http://store.aapg.org/detail.aspx?id=612 Find the book in the AAPG Store]
 
* [http://store.aapg.org/detail.aspx?id=612 Find the book in the AAPG Store]
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* [http://www.aapg.org/science/discipline/business-and-economics/reserve-estimation#3547338-new-publications Reserves Estimation Articles]
    
[[Category:Reservoir engineering methods]]
 
[[Category:Reservoir engineering methods]]
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[[Category:Methods in Exploration 10]]

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