Strategies for Optimizing Petroleum Exploration:: Evaluate Initial Potential and Forecast Reserves

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Table of contents
  • Cover
  • Strategies for Optimizing Petroleum Exploration: Evaluate Initial Potential and Forecast Reservesiii
  • Copyright Pageiv
  • Contentsvii
  • Forewordx
  • Prefacexi
  • Part I: Evolution of the Oil and Gas Reserves Discovery and Appraisal1
  • Chapter 1. Modeling Principles5
  • Mathematical Model5
  • Substantiation of Functional Relations13
  • Specifics of the Mathematical Description in this Study16
  • Chapter 2. Evolution of the Reserve Accumulation: Deterministic Models22
  • Study of the Reserve Discovery and Appraisal Strategy as a System of Selection22
  • Study of Intensity of Undiscovered Resource Transfer into the Appraised Reserve Category43
  • Study of the Reserve Discovery and Appraisal Strategy from a Viewpoint of Field Shortage Quota49
  • Evaluation and Diagnostic Review of Models52
  • Classification of Regions by Specific Exploration Strategies and Reserve Discovery and Appraisal Evo56
  • Deterministic Patterns of the Reserve Accumulation in Various Regions70
  • Chapter 3. Evolution of the Reserve Accumulation: Stochastic Models75
  • Study of the Reserve Discovery and Appraisal Strategy from the Information Viewpoint75
  • Study of Random Components of the Oil and Gas Reserve Accumulation Process92
  • Patterns in the Evolution of the Reserve Accumulation Process112
  • Chapter 4. Evolution of the Reserve Accumulation as a Function of Drilling Volumes: Deterministic Mo115
  • Construction of Models116
  • Effect of the Exploration Strategy on the Relations between the Evolution of Oil and Gas Reserve Acc129
  • Chapter 5. Reserve History and Evolution of the Undiscovered Resource Structure: Physical Models133
  • Dynamic and Thermodynamic Descriptions134
  • Two Directions of Evolution136
  • States of Equilibrium and Non-equilibrium138
  • Emergence and Destruction of Structures139
  • Fluctuation and Instability141
  • Stability Criteria143
  • Determinism and Chance147
  • Evolution and Selection149
  • Conclusions149
Book details
  • Vendor Elsevier S & T
  • SKU 9780884159490
  • ISBN-13 9780080517841

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Here is a valuable guide to appraise and develop petroleum resources. Geology largely determines exploration policy. This book analyzes the strategic connection between the two and shows how to improve decision making on appraising and developing petroleum resources. It examines and describes the internal patterns in finding oil and gas deposits and outlines a process to evaluate the resources. The book also provides a means for long-term reserve accrual forecasting and evaluation. It uses mathematical modeling as a method to evaluate the initial potential of an oil and gas region as well as a way to forecast future reserves. These models improve the reliability and validity of exploration forecasts and estimates. Strategies for Optimizing Petroleum Exploration helps petroleum engineers and explorationists focus and improve their reserve assessment and decision making.


This book shows how to develop and appraise petroleum resources.