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Oil Reserve Estimation Methods Quiz
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Oil Reserve Estimation Methods Quiz

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@CleanerLagoon

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Questions and Answers

What are the three classifications of reserves mentioned in the text?

  • Certain, Feasible, Likely
  • Measured, Indicated, Inferred
  • Certified, Hypothetical, Potential
  • Proved, Probable, Possible (correct)

    • Which method is NOT mentioned as a way of estimating reserves?

  • Statistical Extrapolation Method (correct)
  • Numerical Simulation Models
  • Volumetric Method
  • Material Balance Method

    • What is the focus of Chapter Three in the text?

  • Calculation of reserves (correct)
  • Overview on Reserve Estimations
  • Factors Affecting Decline Behavior
  • Advantages and Disadvantages of Production Decline Curve

    • Which type of reserves is based on specific geological and engineering data?

    <p>Proved Reserves</p> Signup and view all the answers

    What are the three methods of estimating reserves mentioned in the text?

    <p>Volumetric Method, Material Balance, Numerical Simulation Models</p> Signup and view all the answers

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