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Lecture 28

ECON366 Lecture 28: Typical Production Profile

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Dana Andersen

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ECON 366 Lecture 28 Typical Production Profile Typical Production Profile The typical production profile of a petroleum reservoir consists of three phases: 1. Development phase (ramping up extraction) 2. Plateau phase 3. Decline phase The extent that development is ramped up in the development phase determines the plateau and decline phase Typical Production Decline Path Production Path and Time of Abandonment Production Path and Cumulative Output Production Path: Infill Drilling
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