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The technique is not necessarily grounded in fundamental theory but is based on empirical observation of production decline. | The technique is not necessarily grounded in fundamental theory but is based on empirical observation of production decline. | ||
Three types of declines are observed | Three types of declines are observed: | ||
#Exponential | #Exponential | ||
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Two sets of curves are normally used while analyzing production decline. | Two sets of curves are normally used while analyzing production decline. | ||
#Flow rate is plotted against Time: | #Flow rate is plotted against Time: | ||
<ol style="list-style-type: lower-alpha; margin-left: 40px;"> | |||
<li>Very convenient since it provides future profiles directly.</li> | <li>Very convenient since it provides future profiles directly.</li> | ||
</ol> | </ol> | ||
#Flow rate against cumulative production: | |||
<ol style="list-style-type: lower-alpha; margin-left: 40px;"> | |||
<li>Able to incorporate impact of intermittent operations that impact production.</li> | <li>Able to incorporate impact of intermittent operations that impact production.</li> | ||
<li>Provide recovery estimates at a specific economic limit.</li> | <li>Provide recovery estimates at a specific economic limit.</li> | ||
</ol> | </ol> | ||
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