TITLE:
Evaluation of Developed Low-Grade Reservoir by Cash Flow Economic Evaluation Method
AUTHORS:
Liming Liu, Youming Xiong, Songlin Zhang, Lixue Chen, Haohan Liu
KEYWORDS:
Cash Flow; Developed; Low-Grade Reservoir; NPV; IRR; Investment Recovery Period
JOURNAL NAME:
Journal of Financial Risk Management,
Vol.2 No.2,
June
10,
2013
ABSTRACT: There is no united method to evaluate
developed low-grade reservoir. Cash flow economic evaluation method is widely
used in China and other countries. Cash flow method contains three different economic evaluation methods, they
are VP, IRR and investment recovery period methods. In this paper, we evaluate
a developed low-permeability sandstone reservoir and a developed middle-high
permeability complex fault block sandstone reservoir with the cash flow
economic evaluation method. We get the evaluation standard charts of the
developed low grade big reservior, developed fault block reservior with middle-high permeability, developed fault block
reservior with low permeability and heavy oil thermal recovery reservior. This new cash flow methodlays theoretical foundations for evaluation of developed low-grade
reservoir and other kinds of reservoirs.