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2013 (Vol. 5, Issue: 18)
Article Information:

An Evaluation Model of the Recoverable Reserves at Risk for Exploration and Development Projects of International Petroleum

Liu Baofa
Corresponding Author:  Liu Baofa 

Key words:  International, model, petroleum, recoverable reserves at risk, risk, ,
Vol. 5 , (18): 4453-4457
Submitted Accepted Published
July 27, 2012 September 17, 2012 May 05, 2013
Abstract:

In this study, we propose an evaluation model of the recoverable reserves at risk for exploration and development projects of international petroleum. Due to the greater risk of the Exploration and Development Projects of International Petroleum (EDPIP) and defects of traditional methods, the study introduced the ideas of “at risk” into the evaluated methods of recoverable reserves of oil and gas and explored the Recoverable Reserves at Risk (RRsaR) of petroleum for the EDPIP. The model can effectively deal with the dilemma of traditional methods and make the evaluated results combined with the risk. And it can present the petroleum recoverable reserves under the conditions of different risk (namely different probabilities) for the investors.
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  Cite this Reference:
Liu Baofa, 2013. An Evaluation Model of the Recoverable Reserves at Risk for Exploration and Development Projects of International Petroleum.  Research Journal of Applied Sciences, Engineering and Technology, 5(18): 4453-4457.
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ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
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