The Survey of Reservoir Management Quantitative Effects on Iran Oil Revenue

Through much of the late 1980’s and 1990’s crude prices languished around 20 to 25 dollars per barrel ($/B), The Energy Information Agency (EIA, 2011) predicts that world oil demand will grow to 110 million bbl per day(mb/d) by 2035, an increase of 32% from 2009 levels, so it pay carefully our attention to global overview and thefuture of oil economic parameters such as demand, supply, and production. Many feel these resources will beavailable, if not ample, it seems likely that all resources should begin to produce, but many companies, both international and national producers, are faced with the challenge of increasing reserves and production. Opportunities are often limited - enhanced oil recovery (EOR), gas shales, ultra-heavy oils, deep reservoirs and exploration - eachwith their own challenges. Also many petroleum reservoirs are not developed and produced properly. This failurecan be the result of poor reservoir operations management. An understanding of reservoir management and its elements is needed to effectively exploit petroleum reservoirs. In this paper we initially describe OPEC, Iran background; Iranian Exploration, Production, exporting, and then wedistinguish Iran oil and gas position in the world and OPEC ranking. Finally we provide an overview of reservoir management, crude oil price and dollar rate changes in the future and the quantitative effects of reservoir management on Iran oil revenue

The Survey of Reservoir Management Quantitative Effects on Iran Oil Revenue Keywords:

Reservoir , Reservoir management , OPEC , Revenue , Oil Economy