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Planning of Geological Exploration Work to the Petroleum Resources Management Systems (PRMS) Standards
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, Saint Petersburg 2018, Apr 2018, Volume 2018, p.1 - 6
Abstract
Summary
The exploration planning objects in LLC “LUKOIL-Western Siberia” are at different stages of exploration. Estimation of perspective resources changes in the process of studying the structure. It is based on available information and is subject to uncertainty. The volumes of reserves after opening may differ significantly from the PRMS estimate. It is also possible that geological exploration of geological exploration sites will not lead to a successful discovery. There is no absolute certainty that, provided that prospective resources are discovered, their development will prove to be economically viable.
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