Technical and economic assessment of the development of a Colombian Tight Oil reservoir: a simulation case study of Valle Medio del Magdalena basin

Conventional oil reserves in Colombia are depleted. The country´s reserve-to-production ratio is estimated as 5 years. Therefore, the search for new resources and their conversion into proven essential. In this case, production of unconventional reservoirs an option Colombia. This work evaluates technical economic feasibility a Tight Oil source rock reservoir, considering parameters such fracture shape factor, propagation, pressure, international price, petrophysical characteristics, fluid properties, drilling cost, completion, fiscal regime. methodological development allowed concluding that reservoir located middle Magdalena Valley basin has potential those factors type technique, cost lifting resource have significant impact on viability project.