Reservoir Engineering

In this session of reservoir engineering, we deal with the underground gasoline reserves. It is a branch of petroleum engineering specifically working on efficient way to extract resources of oil, petrol and gas. The reservoir engineer mainly works in the field of geology, applied mathematics, basic principles of physics and chemistry for checking and studying the behavior of the liquid and vapor phases of the petroleum, natural gas and water inside the reservoir rock. Reservoir engineer mainly works with subsurface of the earth
 
The oils and gas price crisis has had a tremendous impact on global exploration and production activities.
 
Many companies and investors concerned about enhancing already existing projects rather than investing on new projects because of the fall in the prices of products
 
petroleum engineering is determining the flow related properties such as pressure, volume, temperature, porosity, permeability, etc., of the reservoir fluid and formation to optimize the recovery techniques and production. Reservoir characteristics such as diagenetic history, rock quality, production potential, formation damage during stimulating, petroleum products sensitivity required for new industrial chemicals, etc., can be found through reservoir analysis.
 
According to market analysis and diagnostics, the global natural gas storage was $562.2 billion in 2015 and it will reach $796.4 billion in 2020, up from registering a compound annual growth rate (cagr) of 7.2% for the period of 2015-2020.

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