Oil in place for the Moose Jaw field has a lognormal uncertainty distribution with mu = 1.0

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Oil in place for the Moose Jaw field has a lognormal uncertainty distribution with mu = 1.0 and sigma = 1.0 (MMbbls). Calculate the expected value and variance of production. Plot the PDF and include the P10, P50 and P90 (hint use scipy.stats.lognorm.stats and scipy.stats.lognorm.ppf) (3 points)

Posted Date: May 18, 2024 04:14 PM

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Oil in place for the Moose Jaw field has a lognormal uncertainty distribution with mu = 1.0

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