Question 1

Is a Field Development Plan (FDP) crucial for both onshore and offshore oil fields?

Accepted Answer

True

Answer

False

Question 2

Is the volumetric method for reserve estimation typically used in the early stages of field development when there is limited production data?

Accepted Answer

True

Answer

False

Question 3

Do volumetric gas reservoirs typically have higher recovery factors than water drive gas reservoirs?

Accepted Answer

True

Answer

False

Question 4

Are Enhanced Oil Recovery (EOR) methods used during the primary recovery stage?

Accepted Answer

False

Answer

True

Question 5

What is the primary purpose of a Field Development Plan (FDP)?

Accepted Answer

To outline the strategy for developing an oil or gas field

Answer

To design the production facilities

Answer

To estimate the total reserves of the field

Answer

To conduct environmental impact assessments

Question 6

Which of the following is NOT a method for estimating hydrocarbon reserves?

Accepted Answer

Seismic imaging

Answer

Decline curve analysis

Answer

Material balance method

Answer

Volumetric method

Question 7

In a solution-gas drive reservoir, what is the main source of energy for oil production?

Accepted Answer

Expansion of dissolved gas

Answer

Influx of water from an aquifer

Answer

Gravity drainage

Answer

Gas cap expansion

Question 8

What is the typical recovery factor range for a volumetric gas reservoir?

Accepted Answer

70-90%

Answer

10-20%

Answer

90-100%

Answer

30-50%

Question 9

Which of the following is a secondary recovery method?

Accepted Answer

Waterflooding

Answer

Natural depletion

Answer

Steam injection

Answer

CO2 injection

Question 10

What does NPV stand for in project economics?

Accepted Answer

Net Present Value

Answer

Net Profit Value

Answer

Net Production Volume

Answer

Nominal Present Value

Question 11

What is the primary purpose of a Field Development Plan (FDP)?

Accepted Answer

To outline the strategy for developing an oil or gas field

Answer

To design the production facilities

Answer

To conduct environmental impact assessments

Answer

To estimate the total reserves of the field

Question 12

In a solution-gas drive reservoir, what is the main source of energy for oil production?

Accepted Answer

Expansion of dissolved gas

Answer

Influx of water from an aquifer

Answer

Gas cap expansion

Answer

Gravity drainage

Question 13

What is the typical recovery factor range for a volumetric gas reservoir?

Accepted Answer

70-90%

Answer

90-100%

Answer

10-20%

Answer

30-50%

Question 14

What does NPV stand for in project economics?

Accepted Answer

Net Present Value

Answer

Net Production Volume

Answer

Nominal Present Value

Answer

Net Profit Value

Question 15

What is the purpose of sensitivity analysis in project economics?

Accepted Answer

To assess the impact of uncertainties on project outcomes

Answer

To maximize NPV

Answer

To determine the break-even point

Answer

To calculate the IRR

Question 16

Which of the following is a primary recovery method?

Accepted Answer

Natural depletion

Answer

Waterflooding

Answer

Steam injection

Answer

CO2 injection

Question 17

In the context of field development, what does CAPEX stand for?

Accepted Answer

Capital Expenditure

Answer

Comprehensive Asset Protection and Expenditure

Answer

Capital and Production Expenditure

Answer

Operational Expenditure

Question 18

What is the typical range of recovery factor for a gravity-drainage drive oil reservoir?

Accepted Answer

16-35%

Answer

30-60%

Answer

5-30%

Answer

15-50%

Question 19

Which of the following is NOT a method for estimating hydrocarbon reserves?

Accepted Answer

Seismic imaging

Answer

Volumetric method

Answer

Material balance method

Answer

Decline curve analysis

Question 20

In a solution-gas drive reservoir, what is the main source of energy for oil production?

Accepted Answer

Expansion of dissolved gas

Answer

Gas cap expansion

Answer

Influx of water from an aquifer

Answer

Gravity drainage

Question 21

What is the typical recovery factor range for a volumetric gas reservoir?

Accepted Answer

70-90%

Answer

10-20%

Answer

30-50%

Answer

90-100%

Question 22

Which drive mechanism typically allows for the highest average recovery factor in oil reservoirs?

Accepted Answer

Water drive

Answer

Gravity-drainage drive

Answer

Solution-gas drive

Answer

Gas-cap drive

Question 23

According to the document, what is the first step in the Field Development Scenario Workflow?

Accepted Answer

Define a Depletion Strategy

Answer

Conduct Reservoir Characterization

Answer

Set an Integrated FDP Team

Answer

Perform Economic Analysis

Question 24

What are the three profitability indicators mentioned for project economics?

Accepted Answer

NPV, IRR, PIR

Answer

PIR, ROI, NPV

Answer

ROI, NPV, IRR

Answer

IRR, PIR, ROI

Question 25

What is the main source of energy in a gas-cap drive reservoir?

Accepted Answer

Expansion of the gas cap

Answer

Dissolution of gas in oil

Answer

Influx of water

Answer

Rock compaction

Question 26

Which method is used to estimate reserves when there is no production history?

Accepted Answer

Volumetric method

Answer

Reservoir simulation

Answer

Decline curve analysis

Answer

Material balance method

Question 27

What is the purpose of history matching in reservoir simulation?

Accepted Answer

To adjust the model to match past production data

Answer

To estimate initial reserves

Answer

To predict future production

Answer

To design new wells

Question 28

What is the typical recovery factor range for a volumetric gas reservoir?

Accepted Answer

70-90%

Answer

30-50%

Answer

10-20%

Answer

90-100%

Question 29

Is the Internal Rate of Return (IRR) defined as the discount rate at which the Net Present Value (NPV) of a project becomes zero?

Accepted Answer

True

Answer

False

Answer

Only for positive NPV

Answer

Yes, but only for large projects

Question 30

Monte Carlosimulation in reserves estimation is used to:

Accepted Answer

Quantify uncertainty in volumetric methods

Answer

Estimate absolute permeability

Answer

Determine logging depth

Answer

Calculate oil viscosity

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