Reservoir Volume Estimation in Exploration Phase by Monte Carlo Simulation

Abstract:

The STOIIP determines the scale of civil engineering in the oilfield, so the accurate calculation STOIIP has a very important significance on civil engineering, especially in the exploration phase few data are available in oilfield, traditional volume calculation method is hardly to provide a reasonable result. The mathematical statistics method, namely Monte Carlo simulation is introduced to calculate reservoir volumes for hydrocarbons in place (STOIIP or GIIP). This method can provide several volume results by monte carlo sampling. making the resource assessment results a probability distribution rather than a single valuation, which greatly improve the credibility and usefulness of evaluation results. The S oilfield in Malaysia are evaluated and the results show the P50 STOIIP is 4.82 MMbbl.

• Periodical: Advanced Materials Research (Volume 859)
• Pages: 248-252
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.859.248
• Online since: December 2013
• Authors: Lei Zhao, Bing Li, Peng Xiang Diwu
• Keywords: Monte Carlo Simulation, Resource Assessment, STOIIP

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