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oa Petroleum Resource Assessment Methodologies and Petroleum Systems Modeling
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, IPTC 2009: International Petroleum Technology Conference, Dec 2009, cp-151-00359
Abstract
Petroleum resource assessments are used to quantify discovered and undiscovered ('yet-to-find') petroleum that is<br>technically and economically recoverable within a certain time frame, typically 30 years. The importance and<br>economic impact of these assessments is enormous, especially in the light of globally dwindling resources.<br>Resource assessments are however made using a range of methods, none of which can be described as being<br>scientifically rigorous, especially in applications in frontier areas or areas with sparse data.