| Summary: | A new simulation model for the development of gas condensate reservoirs is introduced based on the influence that phase change, non-Darcy flow, and capillary pressure have on the production of gas condensates. The model predicts well performance, including bottom-hole pressure, oil/gas production rate, oil/gas recovery, gas–oil ratio, and the change in produced fluid composition. It also calculates dynamic characters, such as the change of pressure field and oil/gas saturation field during the development of gas condensate reservoirs. The model is applicable to different boundary conditions (both constant-pressure and sealed boundary) and different production modes (both constant-pressure and constant-volume production modes). Model validation attempted using numerical simulation results for sealed boundary conditions with constant-pressure production mode has shown a relatively good match, proving its validity. For constant-pressure boundary conditions with constant-volume production mode, four stages are defined according to the dynamic behavior of production performance in the development of gas condensate reservoirs.
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