How do you evaluate reservoir performance and uncertainty using decline curve analysis?
Decline curve analysis (DCA) is a widely used method to estimate reservoir performance and uncertainty based on historical production data. It can help you forecast future production, evaluate reservoir management strategies, and assess economic viability. However, DCA also has some limitations and challenges that you need to be aware of. In this article, you will learn how to apply DCA to different types of reservoirs, how to choose appropriate decline models and parameters, and how to quantify and reduce uncertainty in your estimates.