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...

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Bibliographic Details
Main Authors: van Elk, J., Gupta, Ritu, Wann, D.
Format: Journal Article
Published: Society of Petroleum Engineers 2010
Online Access:http://hdl.handle.net/20.500.11937/36792

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