A well is producing from a saturated oilreservoir with an average reservoir pressureof 3000 psig. Stabilized flow test dataindicates that the well is capable of producing400 STB/day at a bottom-holeflowing pressure of 2580 psig.Calculate the remaining oil-in-place at3000 psi.
(a) Oil flow rate at pwf51950 psig.
(b) Construct the IPR curve at the currentaverage pressure.
(c) Construct the IPR curve by assuming aconstant J.
(d) Plot the IPR curve when the reservoirpressure is 2700 psig.