Podcast
Questions and Answers
Which method relies on historical production data to extrapolate future production performance?
Which method relies on historical production data to extrapolate future production performance?
- MBE
- Production history (correct)
- Analogy
- Reservoir simulation
What does MBE stand for?
What does MBE stand for?
- Method of Basin Extraction
- Mathematical Basin Evaluation
- Modeling Based Estimation
- Material Balance Equation (correct)
Which method compares a newly discovered or poorly defined reservoir to a known reservoir with similar properties?
Which method compares a newly discovered or poorly defined reservoir to a known reservoir with similar properties?
- MBE
- Reservoir simulation
- Analogy (correct)
- Production history
What is the purpose of reservoir simulation?
What is the purpose of reservoir simulation?
Why is reserve estimation important?
Why is reserve estimation important?
Which of the following refers to the total volume of hydrocarbon stored in a reservoir prior to production?
Which of the following refers to the total volume of hydrocarbon stored in a reservoir prior to production?
What are reserves or recoverable reserves?
What are reserves or recoverable reserves?
Which method for reserve estimation involves estimating OOIP and OGIP based on a geological model?
Which method for reserve estimation involves estimating OOIP and OGIP based on a geological model?
What are resources in the context of oil and gas reserves?
What are resources in the context of oil and gas reserves?
What is one common characteristic of all reserve estimation methods?
What is one common characteristic of all reserve estimation methods?
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