Combined methods improve reserve estimates
Journal Article
·
· Oil and Gas Journal
OSTI ID:40358
- Mobil Erdgas-Erdoel GmbH, Celle (Germany)
A comparison of deterministic and probabilistic methods can provide quality assurance for estimating hydrocarbon reserves. Proved reserves would then be calculated both deterministically and probabilistically and the two values compared. Probabilistic methods use stochastic parameters such as a Monte Carlo simulation. On the other hand, deterministic calculations are made with discrete values. If the deterministic value and the probabilistic value agree, then confidence in the reserve calculation is increased. If the two values are very different, the assumptions need to be reexamined. The paper illustrates this combined method on a hypothetical gas reservoir.
- OSTI ID:
- 40358
- Journal Information:
- Oil and Gas Journal, Journal Name: Oil and Gas Journal Journal Issue: 18 Vol. 93; ISSN OIGJAV; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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