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Oil production: A probabilistic model of the Hubbert curve

✍ Scribed by Bertrand Michel

Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
266 KB
Volume
27
Category
Article
ISSN
1524-1904

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✦ Synopsis

Abstract

The specific distribution of hydrocarbon field sizes has a deep impact on the dynamics of the production inside a basin. This paper proposes a probabilistic model based on the field size distribution, taking into account the launching production process of the fields. This model can be seen as a β€˜bottom‐up’ probabilistic method to simulate and predict oil production. The asymptotic results obtained allow us to propose relevant fitting to real production curves. Copyright Β© 2010 John Wiley & Sons, Ltd.

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