Planning of Geological Exploration Work to the Petroleum Resources Management Systems (PRMS) Standards
L. Saratinian, S. Lats, S. Malov, N. Saratinian and A. Kachkin
Event name: Saint Petersburg 2018
Session: Risk and Uncertainty Analysis & Economic Geology
Publication date: 09 April 2018
Info: Extended abstract, PDF ( 1.04Mb )
Price: € 20
The exploration planning objects in LLC "LUKOIL-Western Siberia" are at different stages of exploration. Estimation of perspective resources changes in the process of studying the structure. It is based on available information and is subject to uncertainty. The volumes of reserves after opening may differ significantly from the PRMS estimate. It is also possible that geological exploration of geological exploration sites will not lead to a successful discovery. There is no absolute certainty that, provided that prospective resources are discovered, their development will prove to be economically viable.