Pressure volume temperature (PVT) analysis provides precise data on the behaviors and properties of oil and gas from an existing well or reservoir. This data is used by engineers to calculate the flow properties of reservoir fluids, estimate production volumes of the various petroleum products, and determine the best extraction method to optimize recovery of the products. And while this data is a very necessary component in determining production strategies, a physical PVT analysis is expensive and time-consuming—costing as much as $40,000 and taking several months to complete.
SPL recommends the use of simulated PVT data for regulatory well classification and to aid in the design of production equipment and reservoir management.
For more information on how you can save time and revenue by utilizing simulated PVT analysis, contact our technical experts today.