65 resultados para Oil well drilling.


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It is now possible to improve the precision of well survey calculations by order of magnitude with numerical approximation.

Although the most precise method of simulating and calculating a wellbore trajectory generally requires more calculation than other, less-accurate methods, the wider use of computers in oil fields now eliminates this as an obstacle.

The results of various calculations show that there is a deviation of more than 10 m among the different methods of calculation for a directional well of 3,000 m.1 Consequently, it is important to improve the precision and reliability of survey calculation-the fundamental, necessary work of quantitatively monitoring and controlling wellbore trajectories.

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The effects of electron-phonon interaction oil energy levels of a. polaron in a wurtzite nitride finite parabolic quantum well (PQW) are studied by using a modified Lee-Low-Pines variational method. The ground state, first excited state, and transition energy of the polaron in the GaN/Al0.3Ga0.7N wurtzite PQW are calculated by taking account of the influence of confined LO(TO)-like phonon modes and the half-space LO(TO)-like phonon modes and considering the anisotropy of all kinds of phonon modes. The numerical results are given and discussed. The results show that the electron phonon interaction strongly affects the energy levels of the polaron, and the contributions from phonons to the energy of a polaron hi a wurtzite nitride PQW are greater than that in all AlGaAs PQW. This indicates that the electron-phonon interaction in a wurtzite nitride PQW is not negligible.

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Solid acid 40SiO(2)/TiO2-SO42- and solid base 30K(2)CO(3)/Al2O3-NaOH were prepared and compared with catalytic esterification activity according to the model reaction. Upgrading bio-oil by solid acid and solid base catalysts in the conditioned experiment was investigated, in which dynamic viscosities of bio-oil was lowered markedly, although 8 months of aging did not show much viscosity to improve its fluidity and enhance its stability positively. Even the dehydration by 3A molecular sieve still kept the fluidity well. The density of upgraded bio-oil was reduced from 1.24 to 0.96 kg/m(3), and the gross calorific value increased by 50.7 and 51.8%, respectively. The acidity of upgraded bio-oil was alleviated by the solid base catalyst but intensified by the solid acid catalyst for its strong acidification. The results of gas chromatography-mass spectrometry analysis showed that the ester reaction in the bio-oil was promoted by both solid acid and solid base catalysts and that the solid acid catalyst converted volatile and nonvolatile organic acids into esters and raised their amount by 20-fold. Besides the catalytic esterification, the solid acid catalyst carried out the carbonyl addition of alcohol to acetals. Some components of bio-oil undertook the isomerization over the solid base catalyst.

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By using the solid-state MAS NMR technique, the hydrothermal stabilities (under 100% steam at 1073 K) of HZSM-5 zeolites modified by lanthanum and phosphorus have been studied. They are excellent zeolite catalysts for residual oil selective catalytic cracking (RSCC) processes. It was indicated that the introduction of phosphorus to the zeolite via impregnation with orthophosphoric acid led to dealumination as well as formation of different Al species, which were well distinguished by Al-27 3Q MAS NMR. Meanwhile, the hydrothermal stabilities of the zeolites (P/HZSM-5, La-P/HZSM-5) were enhanced even after the samples were treated under severe conditions for a prolonged time. It was found that the Si-O-Al bonds were broken under hydrothermal conditions, while at the same time the phosphorous compounds would occupy the silicon sites to form (SiO)(x)Al(OP)(4 - x) species. With increasing time, more silicon sites around the tetrahedral coordinated Al in the lattice can be replaced till the aluminum is completely expelled from the framework. The existence of lanthanum can partially restrict the breaking of the Si-O-Al bonds and the replacement of the silicon sites by phosphorus, thus preventing dealumination under hydrothermal conditions. This was also proved by P-31 MAS NMR spectra. (C) 2004 Elsevier Inc. All rights reserved.

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The effect of feeding 0, 4, 8 and 16% rapeseed oil from 12-42 days of age was studied in broiler chickens on performance, digestibility of nutrients, and development of gastrointestinal tract, protein and energy metabolism. Thirty six female chickens (Ross 208) with initial body weight average 246 g were allocated to the four groups and kept pair-wise in metabolism cages. The chickens were fed similar amounts of metabolisable energy (ME) per day and similar amounts of essential amino acids relative to ME by adjusting with crystalline amino acids. The chickens were subjected to four balance periods each of five days with two 24 h measurements of gas exchange in two open-air-circuit respiration chambers inserted on the second and third day of each period. The addition of rapeseed oil increased the amount of gutfill indicating a reduced rate of passage and causing a hypertrophy of the gastrointestinal tract. There was a positive effect on feed utilisation as well as on digestibility especially of dietary fat together with higher utilisation of protein with addition of rapeseed oil. The partial fat digestibility of rapeseed oil estimated by regression was 91.1% and the partial metabolisability (ME/GE) of the rapeseed oil was estimated to 85% yielding an apparent metabolisable energy value of 34.30 MJ/kg.

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Proven by the petroleum exploration activities, the karsts-fissure reservoir in carbonate rocks is significant to find out the large scale oil & gas field. They are made up of the four reservoir types: karsts-cave, karsts-crack, crack-cave and fracture-pore-cave. Each reservoir space and each reservoir bed has different features of reservoir heterogeneity and small scale of pore-crack-cave. The fracture-cave reservoir in carbonate rocks is characteristic by multi-types and long oiliness well. The reservoir shape is controlled by the irregular pore-crack-cave. The development level of fracture and karst-cave is the key element of hydrocarbon enriching, high productivity and stable production. However, most of Carbonate formation are buried deeply and the signal-ration-noise of seismic reflection are very low. It is reason why the fracture-cave reservoir are difficult to be predicted effectively. In terms of surveyed and studied lots of the former research outcome, The author applied the methods of synthetical reservoir geophysical prediction from two ways including macrosopic and microcomic technics in terms of the reservoir-cap condition, geophysics and geology feature and difficulty of prediction in carbonate rocks. It is guiden by the new ideas of stratigraphy, sedimentology, sedimentography, reservoir geology and karst geology. The geophysics technology is key technics. In aspects of macroscopic studies, starting off the three efficiencies of controlling the reservoir distribution including sedimental facies, karst and fracture, by means of comprehensive utilization of geology, geophysics, boring well and well log, the study of reservoir features and karst inside story are developed in terms of data of individual well and multiple well. Through establishing the carbonate deposition model, karstic model and fracture model, the macro-distribution laws of carbonatite are carried out by the study of coherence analysis, seismic reflection feature analysis and palaeotectonics analysis. In aspects of microcosmic studies, starting off analysis in reservoir geophysical response feature of fracture and karst-cave model according to guidance of the macroscopic geological model in carbonate reservoir, the methods of the carbonate reservoir prediction are developed by comprehensively utilization of seismic multi-attribution intersection analysis, seismic inversion restricted by log, seismic discontinuity analysis, seimic spectrum attenuation gradient, moniliform reflection feature analysis and multiparameter karst reservoir appraisement.Through application of carbonate reservoir synthetical geophysics prediction, the author r successfully develops the beneficial reservoir distribution province in Ordovician of Katake block 1in middle Tarim basin. The fracture-cave reservoir distributions are delineated. The prospect direction and favorable aims are demonstrated. There are a set of carbonate reservoir prediction methods in middle Tarim basin. It is the favorable basic technique in predicting reservoir of the Ordovician carbonate in middle Tarim. Proven by exploration drilling, the favorable region of moniliform reflection fracture and pore-cave and cave-fracture in lower-middle Ordovician are coincidence with the region of hydrocarbon show. It’s indicated that the reservoir prediction methods described in the study of Ordovician carbonate formation are feasible practicably.

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On the basis of analyzing the principle and realization of geo-steering drilling system, the key technologies and methods in it are systematically studied in this paper. In order to recognize lithology, distinguish stratum and track reservoirs, the techniques of MWD and data process about natural gamma, resistivity, inductive density and porosity are researched. The methods for pre-processing and standardizing MWD data and for converting geological data in directional and horizontal drilling are discussed, consequently the methods of data conversion between MD and TVD and those of formation description and adjacent well contrast are proposed. Researching the method of identifying sub-layer yields the techniques of single well explanation, multi-well evaluation and oil reservoir description. Using the extremum and variance clustering analysis realizes logging phase analysis and stratum subdivision and explanation, which provides a theoretical method and lays a technical basis for tracing oil reservoirs and achieving geo-steering drilling. Researching the technique for exploring the reservoir top with a holdup section provides a planning method of wellpath control scheme to trace oil and gas reservoir dynamically, which solves the problem of how to control well trajectory on condition that the layer’s TVD is uncertain. The control scheme and planning method of well path for meeting the demands of target hitting, soft landing and continuous steering respectively provide the technological guarantee to land safely and drill successfully for horizontal, extended-reach and multi-target wells. The integrative design and control technologies are researched based on geology, reservoir and drilling considering reservoir disclosing ratio as a primary index, and the methods for planning and control optimum wellpath under multi-target restriction, thus which lets the target wellpath lie the favorite position in oil reservoir during the process of geo-steering drilling. The BHA (bottomhole assembly) mechanical model is discussed using the finite element method, and the BHA design methods are given on the basis of mechanical analyses according to the shape of well trajectory and the characteristics of BHA’s structure and deformation. The methods for predicting the deflection rate of bent housing motors and designing their assemblies are proposed based on the principle of minimum potential energy, which can clearly show the relation between the BHA’s structure parameters and deflection rate, especially the key factors’ effect to the deflection rate. Moreover, the interaction model between bit and formation is discussed through the process of equivalent formation and equivalent bit considering the formation anisotropy and bit anisotropy on the basis of analyzing the influence factors of well trajectory. Accordingly, the inherence relationship among well trajectory, formation, bit and drilling direction is revealed, which lays the theory basis and technique for predicting and controlling well trajectory.

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With the continuously proceeding of petroleum exploratory development in China, exploratory development becomes more and more difficult. For increasing reserve volume and production, lithologic hydrocarbon reservoir has been the most workable, potential and universality exploration targets. In the past, Dagang Oil Field use the complicated fault reservoir theory as the guide, develop and form a suit of matching construction and instrument in prospecting complicated fault reservoir that reach top of exploration industry in China. But the research of lithologic hydrocarbon reservoir is not much, which affects the exploitation progress of lithologic hydrocarbon reservoir. In this thesis, is object, through the depth study of lithologic deposition in Shasan segment of Zhouqingzhuang Oil Field, a suit of holographic fine reservoir bed forecasting techniques is built up and finally gets following main results: 1. Applying geology, seism, drilling, logging and other information to sensitivity preferences, geological model, inversion and integrated stratum evaluation, realizing the method and flow of refined multi-information stratum forecast. 2. Built up a full three dimensional fine structural interpretation method: in view of r problem of accurately demarcating 90% inclined well, propose a inclined well air space demarcating method, make bed demarcating more exactly; in view of problem of faults demarcating and combination in seismic interpretation, propose a computational method of seismic interference based on wavelet translation, make identify the fault in different level more dependable and reasonable; for exactly identifying structural attitude, propose a velocity modeling method under multi-well restriction, make structural attitude closer to the facts. 3. Built up a high accuracy reservoir bed inversion method: in view of problem in exactly identifying reservoir and nonreservoir with conventional wave impedance inversion method in this place, propose a reservoir log response characteristic analysis and sensible log parameter inversion method. ①analysis log response of reservoir and nonreservoir in region of interest, make definite the most sensible log parameter in identifying reservoir and nonreservoir in this region; ②make sensible log parameter inversion based on wave impedance inversion, to improve inversion accuracy, the thickness of recognizable reservoir bed reach 4-5m. 4. Built up a 4-D reservoir forcasting circuit: in view of difficulty that in lithologic hydrocarbon reservoir making reservoir space characteristic clear by using structural map and reservoir forecasting techniques once only, propose a 4-D reservoir forcasting circuit. In other words, based on development conceptual design, forcast reservoir of different time, namely multiple 3D reservoir forcasting in time queue, each time the accuracy degree of reservoir forcasting is improved since apply the new well material, thereby achieve high quality and highly efficient in exploratory development. During exploratory development lithologic depositin in Shasan segment of Zhouqingzhuang Oil Field, there are thirteen wells get 100% success rate, which sufficiently proves that this suit of method is scientific and effective.

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In recent years, with the discovery oil and gas reservoirs in volcanic rocks, the exploration and development of these reservoirs have attracted widespread attention because of the urgent need for increasing oil and gas production in the world and volcanic rocks has currently become an important exploration target in Liaohe depression. The study area of this dissertation is in the middle section of the easternern sag of Liaohe depression that have been confirmed by studying structural fractures, which constitute a key factor impacting volcanic rocks reservoirs. Substantial reserves and large production capacity in the areas with widely distributed volcanic rocks are important reasons for examining volcanic rocks in the study area. The study began with classification and experimental data analysis of volcanic rocks fractural formation, then focused on the mechanism of fracturing and the development of volcanic rocks structural fracture prediction methodology.and Lastly, predicted volcanic rocks structural fracture before drilling involved a comprehensive study of the petroleum geology of this area, which identified favorable traps thereby reducing exploration risks and promoting the exploration and development of volcanic rocks reservoirs. 3Dstress and 3Dmove software were applied to predict structural fracture by combining the core data, well-logging data and seismic data together and making the visualization of a fracture possible. Base on the detailed fracture prediction results, well OuO48 and well Ou52 were drilled and successfully provided a basis for high efficiency exploration and development of fractured reservoir in the middle section of the eastern sag. As a result of what have been done, a new round of exploration of volcanic rocks was developed. Well OU48 and well OU52 successfully drilled in this area resulted in the in-depth study of the mechanism of structural fracture formation, technological innovation of structural fracture prediction of volcanic rocks , which guided to oil and gas exploration effectively and made it possible for high production of volcanic rocks. By the end of August 2005, the cumulative oil and gas production of Ou48 block were 5.1606 × 104 t and 1271.3× 104 m3 respectively, which made outstanding contributions to the oilfield development. Above all this work not only promoted exploration and structural fracture prediction in volcanic rocks in Liaohe depression, but also applied to in the low-permeability and fractured sandstone reservoir.

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Micro-pore-throat, micro-fracture and low permeability are the most obvious characters of Xifeng ultra-low permeability reservoir, and threshold pressure gradient and medium deformation during the period of oilfield developing results non-linear seepage feature of the formation liquid flowing in the porous medium underground. It is impossible to solve some problems in the ultra-low permeability reservoir development by current Darcy filtration theory and development techniques. In the view of the characters of ultra-low permeability and powerful-diagenesis and fracture up-growth, the paper quantitatively characterizes of through-going scope for reservoir parameters together with some materials such as similarity field outcrop, rock core, drilling, well logging and production dynamic, which provides geological base for further development adjustment. Based on the displacement experiment of different kinds of seepage fluid and oil-water two phases, this paper proves the relationship between threshold pressure gradient and formation permeability in experiment and theory, which is power function and its index is about -1. The variation rule and the mechanism of oil-water two phases threshold pressure gradient are studied. At the same time, based on the experiment of medium deformation, the variation rule of formation physical property parameters and the deformation mechanism are researched, and the influential factors on the medium deformation are analyzed systematically. With elastic unsteady filtration theory, nonlinear mathematical models of the steady and unsteady flow of single phase as well as horizontal well flow and oil-water two phases flow are deduced with the influence of nonlinear factors including threshold pressure gradient and media deformation. The influences of nonlinear factors upon well deliverability and reservoir pressure distribution as well as the saturation variation pattern of oil-water front are analyzed. By means of the researches such as reasonable well pattern, reasonable well array ration, artificial fracture length optimization advisable water flood timing and feasibility of advanced water flooding, it is necessary to find out effective techniques in order to improve development result of this kind of reservoir. This research result develops and improves on low-velocity nonlinear seepage theory, and offers ways to study similar kind of reservoir; it is meaningful to the development of the ultra-low permeability oil and gas reservoir.

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Study and Application of Damage Mechanism and Protection Method of reservoir in Nanpu Shallow Beach Sea Area is one of the key research projects of Jidong Oilfield Company of PetroChina Company Limited from 2007 to 2008. Located at Nanpu Sag in Huanghua Depression of Bohaiwan Basin, Nanpu Shallow Beach Sea Area with 1000km2 exploration area posseses three sets, shallow Minghuazhen Formation and Guantao Formation of Upper Tertiary, middle-deep Dongying Formation of Lower Tertiary, deep Ordovician, of oil bearing series, according to the achievement of the connecting 3D seismic structure interpretation and the structural geological comprehensive research. Its main reservoir types include Upper Tertiary structural reservoir, Lower Tertiary structural and lithological-structural reservoir, and Ordovician ancient buried hill reservoir. How to protect reservoir, complete well and lift high efficiently is the key to realize high and stable yield of the oil wells during drilling, completing well, testing and repairing well. It is important for reservoir protecting during drilling that directly relate to efficient exploration. Therefore, beginning with basic characteristics and sensitive analysis of reservoir, study of reservoir damage machinism and analysis of reservoir damage potential factor are emphasized when prediction analysis about three-pressure profiles is carried out. The study both of physical and chemical properties and of the strata of the technology of borehole stabilization and reservoir protecting are outstanding. As the conclusions follow: (1)Based on the laboratory experiment about basalt cores, prediction of three- pressure profiles about 30 wells on No.1 and No.2 structure is practiced. The laws of plane pressure distribution are analyzed. (2)According to the analyses about reservoir feature data and about sensitivity evaluation to damage factor in Nanpu oil field, the scheme of reservoir protecting to the sand reservoir of Guantao Formation and the first section of Dongying Formation is put forward. (3)On basis of the analyses on lithological characteristics, mineral compositions, clay minerals, electrical behavior features, physical and chemical properties of basalt of Guantao formation in No.1 and No.2 structure, instability mechanism of basalt sidewall and technical countermeasures are obtained. (4)Aiming at the characteristics of Ordovician dissolution-pore fracture type carbonate reservoir, the scheme of the reservoir protecting to Ordovician is put forward. Creative study of the film forming and sealing and low invasion reservoir protection drilling fluid are successful. In summary, through the study of reservoir heterogeneity and sensitivity, a set of technology and schemes of reservoir protecting is put forward, which is adaptive during drilling the target bed in the research area and establishes the base for efficient exploration. Significant effect has showed in its application in Nanpu oil field.

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Maichen Depression lie between Leizhou Peninsula and Qiongzhou Strait. Oil and gas have been discovered in Weixinan Depression, Wushi Depression and Fushan Depression, which pertain to a same basin — North Sea Basin along with Maichen Depression.Jiangsu Oil started exploration at 2002. The first well began to drill at November, 2004 after gravity survey, electric method prospecting and 2D seismic exploration had been finished. Generating rock and hydrocarbon shows have been verified by the drilling. Low yield oil stream has been tested. And we started 3D seismic exploration at November, 2005. My thesis topic came from the actual needs of our exploration in the Maichen Depression. In the thesis, I give emphasis to analyse the own seismic geologic conditions of Maichen Depression. By real tests, we choosed the means to overcome or weaken the unfavorably impress owing to the own coditions in Maichen Depression. Finally, we obtained the usable seismic data. 1. Owing to the multiphase eruptive rock during the Quaternary Period, the near surface layers are very inhomogeneous. By simultaneous testing at same point with short refraction, uphole surveys of radial source and of surface source, the most appropriate method had been sorted out. Radial source uphole survey has been regarding the best practicable means in the complex area. Accurate surficial geology was very helpful to choosing of acquirement means and parameters. Basically the appropriate method of seismic acquirement has been built at Maichen area. 2. The seismic primary data has many, very strong and complex noise. By noise characteristic analysis in different domain, many means of denoising had been paralleled individual and joint application researched. As a result, the pre-stack multidomain joint denoise flow was the appropriate method. It can improve the seismic signal-to-noise ratio. 3. The problem of seismic static correction at Maichen Depression is very conspicuous. Many static correction methods had been tested individual and joint researched. The seismic data quality has been improved after choosing the appropriate combination of static correction flows. 4. Although the above-mentioned process are resultful, the seismic profile quality is just passable. Some reflector continuity and fault zone imagery are ambiguity. So it was the useful method to reduce the structural ambiguity during seismic interpretation that built-up geologic model in accord with real geologic character by areal structure study upon backbone seismic profiles. In the same way, traps have been assessed and drill targets have been selected.

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The Yaoyingtai Block is located within the northeastern Changling Depression of southern Songliao Basin, where the reservoir sandstones are petrophysically characterized by very low permeability, which results in the low success probability of artificial fracturing, and the low oil yield by water injection in the course of oil production. In order to improve the situations as stated above, this research aims to work out an integral fracturing technology and strategy applicable to the low permeable reservoirs in Yaoyingtai Block. Under the guidance of geological theory, reservoir engineering and technology, the subsurface occurrences of natural and hydraulic fractures in the reservoirs are expected to be delineated, and appropriate fracturing fluids and proppants are to be optimized, based on the data of drilling, well logging, laboratory and field experiments, and geological data. These approaches lay the basis of the integral fracturing technology suitable for the low permeable reservoir in the study area. Based on core sample test, in-situ stress analysis of well logging, and forward and inversion stress field modeling, as well as fluid dynamic analysis, the maximum in-situ stress field is unraveled to be extended nearly along the E-W direction (clustering along N85-135°E) as is demonstrated by the E-W trending tensional fractures. Hydraulic fractures are distributed approximately along the E-W direction as well. Faulting activities could have exerted obvious influences on the distribution of fractures, which were preferentially developed along fault zones. Based on reservoir sensitivity analysis, integrated with studies on rock mechanics, in-situ stress, natural fracture distribution and production in injection-production pilot area, the influences of primary fractures on fracturing operation are analyzed, and a diagnostic technology for primary fractures during depressurization is accordingly developed. An appropriate fracturing fluid (hydroxypropyl guar gum) and a proppant (Yixing ceramsite, with a moderate-density, 0.45-0.9mm in size) applicable to Qingshankou Formation reservoir are worked out through extensive optimization analysis. The fracturing fluid can decrease the damage to the oil reservoir, and the friction in fracturing operation, improving the effect of fracturing operation. Some problems, such as sand-out at early stage and low success rate of fracturing operations, have been effectively solved, through pre-fracturing formation evaluation, “suspension plug” fracturing, real-time monitoring and limited-flow fracturing. Through analysis of fracture-bearing tight reservoir with variable densities and dynamic analysis of influences of well patterns on fracturing by using numerical simulation, a fracturing operation scheme for the Qingshankou Formation reservoir is proposed here as being better to compress the short factures, rather than to compress the long fractures during hydraulic fracturing. It is suggested to adopt the 450m×150m inverted 9-spot well pattern in a diamond shape with wells placed parallel to fractures and a half fracture length of 60-75m.

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PetroChina and other national petroleum incorporations need rigorous procedures and practical methods in risk evaluation and exploration decision at home and abroad to safeguard their international exploration practice in exploration licence bidding, finding appropriate ratio of risk sharing with partners, as well as avoiding high risk projects and other key exploration activities. However, due to historical reasons, we are only at the beginning of a full study and methodology development in exploration risk evaluation and decision. No rigorous procedure and practical methods are available in our exercises of international exploration. Completely adopting foreign procedure, methods and tools by our national incorporations are not practical because of the differences of the current economic and management systems in China. The objective of this study is to establish a risk evaluation and decision system with independent intellectual property right in oil and gas exploration so that a smooth transition from our current practice into international norm can take place. The system developed in this dissertation includes the following four components: 1. A set of quantitative criteria for risk evaluation is derived on the basis of an anatomy of the parameters from thirty calibration regions national wide as well as the characteristics and the geological factors controlling oil and gas occurrence in the major petroleum-bearing basins in China, which provides the technical support for the risk quantification in oil and gas exploration. 2. Through analysis of existing methodology, procedure and methods of exploration risk evaluation considering spatial information are proposed. The method, utilizing Mahalanobis Distance (MD) and fuzzy logic for data and information integration, provides probabilistic models on the basis of MD and fuzzy logic classification criteria, thus quantifying the exploration risk using Bayesian theory. A projection of the geological risk into spatial domain provides a probability map of oil and gas occurrence in the area under study. The application of this method to the Nanpu Sag shows that this method not only correctly predicted the oil and gas occurrence in the areas where Beibu and Laoyemiao oil fields are found in the northwest of the onshore area, but also predicted Laopu south, Nanpu south and Hatuo potential areas in the offshore part where exploration maturity was very low. The prediction of the potential areas are subsequently confirmed by 17 exploration wells in the offshore area with 81% success, indicating this method is very effective for exploration risk visualization and reduction. 3. On the basis of “Methods and parameters of economic evaluation for petroleum exploration and development projects in China”, a ”pyramid” method for sensitivity analysis was developed, which meets not only the need for exploration target evaluation and exploration decision at home, but also allows a transition from our current practice to international norm in exploration decision. This provides the foundation for the development of a software product “Exploration economic evaluation and decision system of PetroChina” (EDSys). 4. To solve problem in methodology of exploration decision, effort was made on the method of project portfolio management. A drilling decision method was developed employing the concept of geologically risked net present value. This method overcame the dilemma of handling simultaneously both geological risk and portfolio uncertainty, thus casting light into the application of modern portfolio theory to the evaluation of high risk petroleum exploration projects.

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Junggar Basin has a large amount of recoverable reserves, However, due to the unfavorable factors, such as bad seismic data quality, complex structure with many faults and less wells, the exploration of oil and gas is still relatively limited, so advanced theoretical guidance and effective technical supports are desirable. Based on the theories of sedimentology, as well as comprehensive studies of outcrops, seismic data, drilling data and setting of this area, the paper establishes the isochronous correlation framework, and analyzes the sedimentary facies types and provenance direction, and obtains the profile and plain maps of the sedimentary facies combined with the logging constrained inversion. Then the paper analyzes the reservoir controlling factors, reservoir lithology attribute, 4-property relationship and sensibility based on the sedimentary facies research, and sets up a 3D geological model using facies controlled modeling. Finally, the paper optimizes some target areas with the conclusions of reservoir, structure and reservoir formation.Firstly, the paper establishs the isochronous correlation framework by the seismic data, drilling data and setting of this area. The sedimentary facies in Tai13 well block are braided river and meandering river according to the analysis of the lithology attribute, logging facies and sedimentary structure attribute of outcrop. The concept of “wetland” is put forward for the first time. The provenance direction of Badaowan and Qigu formation is obtained by the geology setting, sedimentary setting and paleocurrent direction. The paper obtains the profile and plain maps of the sedimentary facies from the sand value of the wells and the sand thickness maps from the logging constrained inversion. Then, this paper takes characteristics and control factors of the Jurassic reservoirs analysis on thin section observation, scanning transmission electron microscope observation and find out the petrology characteristics of reservoir, space types of reservoir and lithofacies division. In this area, primary pores dominate in the reservoir pores, which believed that sedimentation played the most important roles of the reservoir quality and diagenesis is the minor factor influencing secondary porosity. Using stochastic modeling technique,the paper builds quantitative 3-D reservoir Parameter. Finally, combined the study of structure and reservoir formation, the reservoir distribution regularity is concluded: (a) structures control the reservoir formation and accumulation. (b) Locating in the favorable sedimentary facies belt. And the area which meets these conditions mentioned above is a good destination for exploration.