Use of plays and field size distributions in minerals management service's assessment of undiscovered domestic petroleum resources
The Minerals Management Service (MMS) and the US Geological Survey (USGS) are preparing to publish a joint assessment of the nation's petroleum resources. The MMS is responsible for the assessment of offshore resources of the outer continental shelf (OCS) and exclusive economic zone (EEZ) as part of the MMS leasing mission. A study of the resource assessment methodology of the MMS by the National Academy of Sciences recommended that the size of the smallest field assessed by specified when resource estimates are reported. For the joint MMS/USGS assessment, MMS will estimate an undiscovered resource base above a minimum field size of 1 million BOE for all OCS/EEZ areas. Estimates are also being prepared for undiscovered, economically recoverable resources which employ various minimum field size cutoffs as a function of price/cost relationships, economic projections, and other factors. Both types of estimates use the updated PRESTO III computer-based model to simulate repeated drilling programs of prospect distributions (plays) mapped using proprietary seismic data. Hypothetical, speculative, and stratigraphic-type plays are also modeled using input prospect or field size distributions.
- Research Organization:
- Minerals Management Service, Reston, VA (USA)
- OSTI ID:
- 6148838
- Report Number(s):
- CONF-880301-
- Journal Information:
- AAPG (Am. Assoc. Pet. Geol.) Bull.; (United States), Vol. 72:2; Conference: Annual meeting of the American Association of Petroleum Geologists, Houston, TX, USA, 20 Mar 1988
- Country of Publication:
- United States
- Language:
- English
Similar Records
Use of field size distributions in US Geological Survey's estimates of undiscovered domestic petroleum resources
Geological play analysis of the Pacific Federal Offshore Region - A status report on the National Assessment of undiscovered oil and gas resources