Petroleum exploration is a high risk business. Consulting geologists predicts the probable existence of oil based on the geological evidence such as reservoir rocks, source rocks, sealed rocks, trap, recovery factor and generation timing to obtain a better estimation of oil. To predict the probable existence of oil, it is very hard decisions because exploration of hydrocarbons is a high-risk venture and geological concepts are uncertain with respect to structure, reservoir seal, etc., . Bayes’ theorem is used to compute the prior probability to make the decision of drill the oil or sell the land upon the given user facts. This system also presents the method of computing posterior probabilities from prior probabilities using Bayes’ theorem ...
Abstract This paper discusses the assessment methodology of geologic probabilities of success of dr...
Currently, under the conditions of increasing depletion of hydrocarbon reserves in Russia, it is nec...
A major open problem in quantitative methods for petroleum resource evaluation concerns the provisio...
When assessing undiscovered oil resources, an important step is the assessment of geological risk, w...
Prospect evaluators are always concerned of the following two problems associated with a prospect: o...
A multivariate-Bayesian approach has been applied to the Nanpu Sag of the Bohai Bay Basin, eastern C...
A conceptual decision model was designed to approximate the exploration of a petroleum basin in the ...
As uncertainty can never be removed from reservoir forecasts, the accurate quantification of uncerta...
Hydrocarbon exploration is a process based on the prediction of existing hydrocarbon in the undergro...
The evaluation of the exploration risk in the oil industry is a fundamental com¬ponent of the decisi...
Effectively predicting the spatial distribution of oil and gas contributes to delineating promising ...
Reservoir simulators are important and widely-used tools for oil reservoir management. These simulat...
Risk is inherent to all phases of a petroleum field lifetime due to geological, economic and technol...
New millennium’s oil industry met the production from shale oil and shale gas formations as a revolu...
Paper deals with actual problem about making decisions during field development. The main aim was to...
Abstract This paper discusses the assessment methodology of geologic probabilities of success of dr...
Currently, under the conditions of increasing depletion of hydrocarbon reserves in Russia, it is nec...
A major open problem in quantitative methods for petroleum resource evaluation concerns the provisio...
When assessing undiscovered oil resources, an important step is the assessment of geological risk, w...
Prospect evaluators are always concerned of the following two problems associated with a prospect: o...
A multivariate-Bayesian approach has been applied to the Nanpu Sag of the Bohai Bay Basin, eastern C...
A conceptual decision model was designed to approximate the exploration of a petroleum basin in the ...
As uncertainty can never be removed from reservoir forecasts, the accurate quantification of uncerta...
Hydrocarbon exploration is a process based on the prediction of existing hydrocarbon in the undergro...
The evaluation of the exploration risk in the oil industry is a fundamental com¬ponent of the decisi...
Effectively predicting the spatial distribution of oil and gas contributes to delineating promising ...
Reservoir simulators are important and widely-used tools for oil reservoir management. These simulat...
Risk is inherent to all phases of a petroleum field lifetime due to geological, economic and technol...
New millennium’s oil industry met the production from shale oil and shale gas formations as a revolu...
Paper deals with actual problem about making decisions during field development. The main aim was to...
Abstract This paper discusses the assessment methodology of geologic probabilities of success of dr...
Currently, under the conditions of increasing depletion of hydrocarbon reserves in Russia, it is nec...
A major open problem in quantitative methods for petroleum resource evaluation concerns the provisio...