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Abstract

A method and a computer program for economic evaluation of completion methods for drilling a well. An extensive user interface is provided for inputting of reservoir data and parameters relating to a first completion method. A rigorous first skin factor is generated based on the reservoir data and first drilling parameters. An interface is preferably provided for entering cost data related to the first completion technique and a first total cost can be generated. Production data is optionally generated from the first skin factor. The production and cost data can then be combined to generate an economic analysis of the first completion technique. The process can be repeated for alternate completion techniques. Preferably, ranges can be entered for certain reservoir and/or cost variables. Multiple iterations can be performed on the ranges resulting in total cost and production ranges which can be combined to yield ranges of economic data for statistical analysis. This results in a user being able to choose the most advantageous completion method.

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First Claim