Practice of Consideration of Risks in the Estimation of Resources by Different Classifications
Event name: Saint Petersburg 2018
Session: Risk and Uncertainty Analysis & Economic Geology
Publication date: 09 April 2018
Info: Extended abstract, PDF ( 767.62Kb )
Price: € 20
The paper considers practical examples of risk management in oil resources estimation under the Russian classification and the international classification PRMS. The example of the license area, located in the Eastern Siberia territory, shows the estimate using the factor of geological risk based on the analysis of the probability of the existence of the projected reservoir and probabilistic estimation considering the uncertainty of initial parameters.