Forties Field: Uncertainty in Subsurface Hydrocarbon Volumes
VerifiedAdded on 2023/01/19
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AI Summary
This report focuses on the uncertainty involved in calculating subsurface hydrocarbon volumes, particularly within the context of the Forties Field. It explores various factors influencing these calculations, including porosity, hydrocarbon saturation, and net-to-gross ratio, alongside pressure, temperature, and volume parameters. The study employs both deterministic and probabilistic methods to evaluate hydrocarbon volumes, comparing the results to understand the range of possible outcomes. The methodologies used include numerical integration processes such as the Trapezoidal and Simpson's rules, as well as cell-based model approaches. The report aims to build two deterministic models based on different interpretations of the same dataset to assess uncertainties in volumetric parameters, providing insights into the viability of oil and gas exploration and production projects. The analysis highlights the importance of understanding and quantifying uncertainties in the subsurface to make informed decisions about field development and investment.
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