NUMBER OF OIL AND GAS FIELDS IN UNDEREXPLORED PETROLEUM PROVINCES: STATISTICAL MODELING
V.R. Livshits
Institute of Petroleum Geology, Siberian Branch of the RAS, 3 prosp. Akad. Koptyuga, Novosibirsk, 630090, Russia
Keywords: Petroleum province, total hydrocarbon resources, truncated Pareto distribution, number of oil and gas fields, statistical performance, estimator, Monte Carlo imitation
Pages: 341-353
Abstract
The total number of oil and gas fields in a province is approximated by the Weibull distribution. The statistical performances of this parameter are related to the parameters of a truncated Pareto distribution. The total number of fields is estimated on the basis of size distribution of several largest fields in a province and the estimator quality is tested through Monte Carlo imitation.
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