Taking a larger view of the whole project, a Reservoir Engineer determines how best to exploit each new discovery. As the Reservoir Engineer, you will be deciding how many wells to drill into the reservoir and where would they be placed. Your final call will determine the cost-effectiveness of the project.
From the little details to the big picture, a Reservoir Engineer is in charge.
The Challenge Ahead
Will it be easy? Nothing is. And aren’t the challenges supposed to make our jobs exciting? After all, it is not just a job. Your work occupies most of your day and it is an integral part of you. Here’s the challenge in Reservoir Engineering.
One of the first challenges for a Reservoir Engineer is the estimation of oil and gas in place. This is because the necessary information for performing such analysis is quite limited, in the early stages of the reservoir life cycle.
Further, exploration is not only expensive but also a risky proposition. Completely emptying an oil reservoir is not possible. But Reservoir Engineers continuously work to refine the existing extraction methods and create new ones.
Where does a Reservoir Engineer get to make an impact?
When reservoir engineers can extract more oil from existing wells, even the wells that are out of production, it enables the oil companies to keep their costs down. This is where you make a huge difference in the oil and gas industry.
Relying on their knowledge of geology and fluid mechanics and learning on the go, Reservoir Engineers determine the location and amount of fuel in the underground reservoirs. With the help of advanced equipment such as computer modeling and imaging programs, a Reservoir Engineer works to locate the reserves of oil and natural gas. This is just the beginning. While drilling and tapping the reserves, the physical structure of the reservoir also undergoes a change. Reservoir engineers respond to these changes by making adjustments throughout the entire drilling process.
Without careful analysis, any project is bound to lose its direction. Reservoir Engineers analyze the amount of fuel in reserve and the duration of reserve viability. This is particularly important for investment purposes. To arrive at this information, a Reservoir Engineer needs to consider various mitigating factors into the forecast such as extraction costs, profit comparisons. Why is this so important?
This analysis helps the Oil and gas companies to decide whether or not to go ahead with drilling ventures. In some cases, Reservoir Engineers are also required to adjust their analysis for outside factors, such as oil price fluctuations, new technologies, and machine efficiencies.
The oil and gas industry is recognized for its unpredictable environment. From the change of the government to terrorism, everything affects this industry and the oil prices. Since the turn of the century, oil prices have been majorly strong. The demand for Petroleum Engineers, Reservoir Engineers is high with the increasing exploration and production activities.
“The employment for Petroleum Engineers will grow 17% by 2020, higher than the average for all occupations. Domestic shale oil and gas production will create many new openings in the field over the coming years, as will the retirement of petroleum engineers who are part of the aging baby boom generation.” – The U.S. Bureau of Labor Statistics
Making the most effective use of Resources
Engineering has been creating marvels ever since humankind learned to execute the principles. Optimization is one of the greatest gifts of science and engineering.
Reservoir Engineering is not limited to just Applied Reservoir Mechanics. The bigger picture involves optimization – To achieve maximum profit from an oil field.
Identifying and defining all individual reservoirs and their physical properties
Deduce each reservoir’s performance
Prevent the drilling of unnecessary wells
Initiate operating controls at the proper time
Consider all-important economic factors
Supplementing the geologic study with engineering data and tests
Undoubtedly, reservoir engineering is difficult. The most successful Reservoir Engineers are the ones who, through extensive efforts to understand the reservoir, manage to acquire some more concrete facts and thus work on fewer assumptions.
Reservoir Engineers are expected to come up with innovative ideas and novel strategies to extract oil and gas in the most cost-efficient and safe manner possible.
Where to look for Reservoir Engineering Jobs?
There are thousands of oil and gas jobs updated daily and too much information on the internet. The process of finding the right opportunity can get a bit overwhelming and confusing. With Energy Dais’ Job Portal, an exclusive platform dedicated to oil and gas career opportunities, it won’t be difficult. You can easily search and apply for jobs here. Adding to your delight, the portal also empowers you to create a Digital Resume. And the perks don’t stop here. Throughout your journey, the Energy Dais team can guide you. Isn’t that amazing?
Here are the links you need to check out now!
(Explore the exclusive Oil and Gas Job portal by Energy Dais for more information and feel free to get in touch for any support at email@example.com)