Abstract:More than 30 years has passed since quantitative and probabilistic geological risk analysis was introduced to the oil and gas exploration industries, which is a method composed of two processes 1 to get Chance of Success CoS by multiplying grouped geological factors trap, reservoir, source rock and so on that are essential for hydrocarbon accumulation in the prospect and 2 to get probability density function PDF of resources by running Monte Carlo simulation.However, it is dif cult for some prospects to apply … Show more
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