Question: A certain oilfield will be explored with license. It is anticipated that it to contain STOIIP of 5 0 0 0 M M stb ,

A certain oilfield will be explored with license. It is anticipated that it to contain STOIIP of 5000MM stb, and it has recovery by primary methods, secondary and tertiary methods are 25%,20%, and 15% respectively. Determine the reserves and recovery by each methods. If there are a 90% chance of producing at least 100MMstb,50% chance of producing 500 MM stb and 10% chance of producing 700MM stb by tertiary, secondary and primary methods, then determine proved, probable and possible reserves.
(This question is from petroleum engineering)
 A certain oilfield will be explored with license. It is anticipated

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Chemical Engineering Questions!