Analogue play statistics for improved pre-drill risking: North Sea case study
Event name: 80th EAGE Conference & Exhibition 2018 Workshop Programme
Session: WS15: Risk and Uncertainty in Petroleum Exploration
Publication date: 15 June 2018
Info: Presentation, PDF ( 2.4Mb )
Price: € 20
There is evidence that the industry is systematically over-estimating the commercial chance of success (CoCS) and volume especially in high risk plays. The bias in commercial risking and pre-drill volume estimation is not a new phenomenon and persists today. Analogue play statistics can help address potential bias by providing objective calibration and sense-checking of success rates and discovery sizes.