Oil & Gas Reservoir Monitoring System Market 2017 Oil & Gas Reservoir Monitoring System Market - Glo

Oil & Gas Reservoir Monitoring System Market -
Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2017 - 2025
The reduction in the oil & gas price has led to downfall in the overall investment
trend in the sector, as major oil & gas projects require huge capital investment. The
price downfall made investor more concern towards enhancing the overall
production profile rather than deploying huge investments into new projects.
Reservoir monitoring is carried out to improve the production profile of existing
fields. Reservoirs are structures that contain reserves of hydrocarbons; these could
be either conventional or unconventional. Conventional reservoirs are those from
which oil & gas can easily flow to the wellhead from wellbores because of their
structural characteristics. On the other hand, unconventional reservoirs require
special techniques for hydrocarbon extraction because of the difference in structural
properties of the unconventional to that of conventional reservoirs.
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reservoir-monitoring-system-market.html
Reservoir monitoring is an activity carried out on a routine basis during the
production phase of a field until its abandonment. The monitoring is carried out by
data collection and analysis of the parameters such as downhole pressure,
temperature, and production in order to identify and rectify deviations and also
optimize the reservoir performance. The geological and simulation models of
reservoir are reviewed and are adjusted in order to reproduce the measured field
data. Deviations in the models are corrected and the diagnoses carried out is
elaborated based on the interpretation of the required results. The corrections could
include control of production flow or the need for injection wells or requirement to
drill new wells or altering the recovery method used in the field.
Based on technology, the oil & gas reservoir monitoring system market can be
segmented into electrical downhole monitoring systems, fiber optic downhole
monitoring systems, and wireless downhole communication monitoring systems.
Electronic sensors are used in electrical downhole monitoring systems to measure
pressure, temperature, flow, and other reservoir related parameters and electronic
cables to transmit data for reservoir monitoring. Fiber optic downhole monitoring
systems employ small lasers, which fire off a light pulse through the cable and
returns to an optical receiver, while delivering the information in the form of signals
and noise, which are sorted with the help of an interrogator unit. Wireless downhole