Evaluation of Developed Low-Grade Reservoir by Cash Flow Economic Evaluation Method


There is no united method to evaluate developed low-grade reservoir. Cash flow economic evaluation method is widely used in China and other countries. Cash flow method contains three different economic evaluation methods, they are VP, IRR and investment recovery period methods. In this paper, we evaluate a developed low-permeability sandstone reservoir and a developed middle-high permeability complex fault block sandstone reservoir with the cash flow economic evaluation method. We get the evaluation standard charts of the developed low grade big reservior, developed fault block reservior with middle-high permeability, developed fault block reservior with low permeability and heavy oil thermal recovery reservior. This new cash flow method lays theoretical foundations for evaluation of developed low-grade reservoir and other kinds of reservoirs.

Share and Cite:

Liu, L. , Xiong, Y. , Zhang, S. , Chen, L. & Liu, H. (2013). Evaluation of Developed Low-Grade Reservoir by Cash Flow Economic Evaluation Method. Journal of Financial Risk Management, 2, 43-45. doi: 10.4236/jfrm.2013.22007.

Conflicts of Interest

The authors declare no conflicts of interest.


[1] Chen, G. C., & Tian, X. P. (2009). Disteribution of turbidite reservoir and its significance in reserve assessment. Marine Geology Frontiers, 27, 8-13.
[2] Chen, H., Hu, Z. G., & Wang, Y. C. (2011). Application of material balance equation in evaluation of water drive gas reserve. Nei Jiang Science and Technology, 5, 136-137.
[3] Guo, X. P. (2011). Evaluation of dynamic reserves in Jingbian Gas. Liaoning Chemical Industry, 40, 1101-1106.
[4] Li, H., Meng, X.-J., & Sun, G.-H. (2000). A study on the evaluation method of the economic recoverable reserves of low permeable. Oil Fields Petroleum Geology & Oilfield Development in Daqing, 19, 31-33.
[5] Li, J. C., & Luo, H. L. (1999). A new method of reserve’s economic evaluation: Minimum economic reserve method. Tuha Oil & Gas, 1, 27-29.
[6] Li, X. P., & Wu, A. P. (2006). Decision-making oil price adaptive to the economical evaluation of oilfield development project. Journal of Oil and Gas Technology, 28, 156-157.
[7] Luo, Y., He, P. et al. (2012) Tang Yun research on the parameters for the development potential evaluation of low permeability reservoir. Reservior Evaluation and Development, 2, 24-27.
[8] Xu, D.-S., Xie, X.-J., & Zhang, A. (2011). Study on beneficial evaluation and optimal model of developed low-grade reservoir. Journal of Southwest Petroleum University (Science & Technology Edition), 33, 168-171.
[9] Zhang, W. M., & Xie, P. H. (1999). Evaluation criterion of marginal reserves and DBD in marginal reserves. Oil & Gas Geology, 20, 302-304.
[10] Zhao, P. F., & Yu, J. (2011). Methods for shale gas resources assessment. Marine Geology Frontiers, 27, 57-63.
[11] Zhong, Y. S., & Ye, Z. J. (2009). Economic assessment of relations between investment in oilfield productivity construction and daily single-well output. Sino-Global Energy, 14, 52-56.

Copyright © 2021 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.