Reservoir engineering is a branch of petroleum engineering that applies scientific principles to the fluid flow through a porous medium during the development and production of oil and gas reservoirs so as to obtain a high economic recovery. The working tools of the reservoir engineer are subsurface geology, applied mathematics, and the basic laws of physics and chemistry governing the behavior of liquid and vapor phases of crude oil, natural gas, and water in reservoir rock. Of particular interest to reservoir engineers is generating accurate reserves estimates for use in financial reporting to the SEC and other regulatory bodies. Other job responsibilities include numerical reservoir modeling, production forecasting, well testing, well drilling and workover planning, economic modeling, and PVT analysis of reservoir fluids. Reservoir engineers also play a central role in field development planning, recommending appropriate and cost-effective reservoir depletion schemes such as waterflooding or gas injection to maximize hydrocarbon recovery. Due to legislative changes in many hydrocarbon-producing countries, they are also involved in the design and implementation of carbon sequestration projects in order to minimise the emission of greenhouse gases.
Reservoir engineers often specialize in two areas:
The dynamic model combines the static model, pressure- and saturation-dependent properties, well locations and geometries, as well as the facilities layout to calculate the pressure/saturation distribution into the reservoir, and the production profiles vs. time.