MatBal® - Reservoir Analysis and Production Forecasting Software
Weatherford’s MatBal product allows the analysis, evaluation and prediction of the response of hydrocarbon reservoir systems using fundamental material balance principles.
The ease with which material balance techniques can be applied results in an efficient and cost-effective alternative to more complex and expensive simulation techniques.
By using material balance techniques engineers can:
- Estimate the volume of fluids initially present in the reservoir
- Examine the effects of changes resulting from produced and injected fluids
The program helps the reservoir engineer to perform each stage of a material balance study quickly and efficiently. These stages include:
- Building an appropriate material balance model
- Matching to historical data
- Generating production forecasts
Unlike many standard material balance applications, MatBal software does not limit models to single reservoirs supported by single aquifers but allows multiple reservoirs, aquifers and wells producing from more than one reservoir layer with cross flow between layers.
MatBal software is a material balance application that can contain multiple wells, reservoirs and aquifers with complex inter connectivity in a single model. This makes the software a comprehensive alternative to more detailed reservoir simulation models, especially for reservoir management problems within the scope of a material balance application. At the same time, the program retains the simplicity and application speed of the material balance approach. In this context MatBal software is now being used by an increasing number of customers throughout the world.