Upon successful completion of this course, students will be able to:

• Explain the theoretical principles of reservoir simulation and how the blackoil simulator initializes and solves multiphase flow problems
• Identify and define model components, including grid geometry, rock and fluid properties, and initial conditions
• Discuss the representation of aquifer systems and well controls within the simulation framework
• Analyze and evaluate history matching and performance forecasting by running scenarios and interpreting results
• Evaluate the scope and boundaries of black-oil simulation and relate them to recent advancements in reservoir simulation technology