Probabilistic Aggregation of Oil and Gas Field Resource Estimates and Project Portfolio Analysis
Probabilistic aggregation and dependency estimation are essential in portfolio methods, production forecasting, and resource estimation. The use of arithmetic addition understates the true value of the resource estimates within a portfolio of fields. Potentially, this could result in deferral of a p...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Published: |
Society of Petroleum Engineers
2010
|
| Online Access: | http://hdl.handle.net/20.500.11937/36792 |