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Journal : Jurnal Geosaintek

HYDRAULIC FRACTURING DESIGN AND GROSS SPLIT ECONOMIC ANALYSIS USING FRACCADE FOR TIGHT OIL RESERVOIR: 10-YEAR PRODUCTION WELL FORECAST SIMULATION Riki Darma; Doni Swadesi; Herianto Herianto; Suranto Suranto
Jurnal Geosaintek Vol. 11 No. 3 (2025)
Publisher : Institut Teknologi Sepuluh Nopember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12962/j25023659.v11i3.8971

Abstract

This study evaluates the technical and economic feasibility of hydraulic fracturing in a tight oil reservoir using FracCADE simulation. A comparative analysis between fractured and unfractured wells was conducted, followed by a 10-year production forecast using decline curve analysis and an economic evaluation under Indonesia’s gross split contract scheme. The results demonstrate that optimized hydraulic fracturing significantly enhances well productivity and project economics, although financial performance remains sensitive to oil price and total production. The optimized HF design achieved a 237 ft fracture half-length and 1,064.5 mD·ft conductivity, with 98% slurry efficiency, anticipating a significantly reduced skin factor. The 10-year forecast projects an initial 300 BOPD for fractured wells, showing a productive decline, while unfractured wells are deemed economically unviable. Economically, the project demonstrates strong feasibility under gross split, with a contractor NPV of 18,563,527.11 USD (at 10% discount rate), an IRR of 28%, a PI of 1.52, and a POT of just 1.64 years. These findings highlight how optimal HF not only significantly boosts production but also ensures robust financial returns, despite sensitivity to production volume and oil price fluctuations.
Co-Authors Achmad Azid Adcharina Pratiwi Adcharina Pratiwi Ade Jubaedi Ade Septiana Adhie Dwi Nofyanto SP Adi Kurniawan aditya permana putra Afrika Andriyani Agung Widodo Agus Wanto Agus Yudiansyah Agus Yulianto Ahmad Fuadi Asy'ari Akor Sitepu Ali Fais Ali Usman Andika Windi Nur Sodikin Andre Setiawan Andrian Ibrahim Andy Nurkholiq Angga Firmansyah Anggraini Puspa Wardha Anggun Wahyuni Sari Dewi Anis Suciaty Ramio Aprizal Sobriyanto Ardi Setia Nugraha Ardian Sanjaya Ari Nidhi Astuti ARI PITOYO Ariestika, Elsa Arif Atmunandar Arif Maulana Syamsu Asyifa Ullina Nur Bagus Suryo Batara Yoki Putra Bima Adi Bagaskara Cahyo Prasetyo Candra Kurniawan Chandra Sasongko Damayanti, Elok Dedi Alfatoni Desna Dwi Cahyani Dewi Anita Sari Dhany Efita Sari Dian Fitria Saputri Dewi Dian Syuriadi Putra Doni Swadesi Duhita Kurnia Dwi Aprilianto Dwi Waluyo Beni Eko Bagus Fahrizqi Eko Supriyanto Elva Setiawati Engga Frastya Eno Irdianto Erik Widiyanto Etika Muslimah Farid Adi Prasetya Faturahman Fadilah Ferdi Zulkarnain Ferdiansyah Ferdiansyah Ferdyans Ichsan Pratama Ferra Ayu Reysta Fibria Hadi Sucihno Fiko Hasvivi Fitri Oktaviani Frans Nurseto Frans Nuseto Gatot Widya Anggara Hany Puspa Nirmala Hendra Lesmana Herianto Herianto Herman Tarigan HERU SETIAWAN Heru Sulistianta Ifandari Ifandari Ima Rahayu Imam Mahfud Indah Pratiwi Indah Pratiwi Indianto Indianto Indriyanto Indriyanto Irfandri Vaniko Negara Ivan Kurnia Reza Janter Ignatius Simatupang Jhody Nala Fraya Jodieka Permadi Julianda Triiman Saputra Juni Prasetyo Kharina Oktaviana Knut F. Kramer Koko Hadi Mardanto Kuswaji Dwi Priyono Lungit Wicaksono M Irfan Syahreza M Joko Setiawan Marta Dinata Miftahul Mahmudah Mita Laksmi Edwina Moh. Chairil Asmawan Monalisa Monalisa Much Djunaidi Much Djunaidi Muhamad Nur R Muhammad Aldino Muhammad Gandi Maulana Muhammad Indra Kurniawan Muhammad Ishaq Gery Muhammad Minan Chusni Muhammad Musrofi Muhammad Najibul Afan Muhammad Ranggani Muhammad Robbi Armaica Muhammad Yogi Rivaldi Muhtadi Muhtadi Mustika Sari Nia Rahmawati Nils B. Kerpen Nita Etikawati Norma Puspitasari Novika Candra Kasih Nuha Nur Azizah Nur Fathurahman R Nurgiyatna Oki Rinoki Okvian Eri Anggradinta Oliver Kunst P. Eko Prasetyo Pandu Darma Wardani Rachmi Marsheilla Agus Rahmat Hermawan Ramadhani Ardi Pratiwi Ratih Pratiwi Reki Saputra Restiana Annisa Restu Afrianto Rahman Reza Pahlefi Reza Stiawansyah Ricky Putra Alit Ridwan Dwi Saputra Riki Darma Rino Anugrah Risky Aditya Riza Fahmi AlFaqih Rizki Adhi Wijaya Rizki Anggara Roikhan Falah Roni Sacta Mirza Rony, Zahara Tussoleha Ryan Hidayat Sajidan Sajidan Sapto Nugroho Sari, Felinda Sena Dwi Laksono Sentot Budi Rahardjo Sholihah Sholihah Singgih Pradipto Siti Nandiroh Solichatun Solichatun Sri Karyati Sudirman Husin Sulistyo Saputro Surani Dwi Astuti Suratman Suratman Surisman Surisman Sutrisno Agus Setiadhi Syahrofi Adi Putra Syamsul Arifin Tanjung Ardo Teddy Afri Suhendri Tedi Kurniawan Tommy Hardiyanto Totok Budi Santosa Tri Asri Sholly Hajmi Tuis Susanto Umi Fatmawati Velly Asvaliantina Wayan Adnyana Widjo Kongko Widodo S. Pranowo WIDYA MUDYANTINI Windy Anugrah Kurniawan Wiyono Wiyono Y. Nining Sri Wuryaningsih Yandi Mulyawan Yandri Nauli Yoga Harlis Sidiawan Yoga Septia Yudhicara Yudhicara Yulia Novarita Yuswan Hadi Ziko Fajar Ramadhan