well location selection

[metu]

hi everybody. i am new at reservoir engineering. my question is how can i decide new well location, with the help of 4 other wells data drilled at the same formation. from these wells i have permeability, water saturation, porosity and formation thickness values. which of these parameters are most important while deciding a new well location. i need to drill my new well between two of that 4 wells. please help soon.

[brhm]

Dear ODTU, good luck with your field development project
Because you are not given any dynamic data, I assume you dont know the permeability, saturation and oil distribitun of the field.
Therefore for simplicity, create several log corelations between the available wells from different directions. Then try to understand the structure i.e. where is the thickest formation, where is the structurally highest point. After deciding the highest and thickest points you can locate your well. But make sure you are not close to the existing wells. Try to keep (average) consistency for well spacing.
All the best.