You have no items in your shopping cart.
ABSTRACT
Because of potential production phases and economic considerations, determining the accuracy of oil reserve calculations - which can be done using either deterministic or stochastically approached methodology - is one of the most crucial aspects of the petroleum sector. An accurate assessment of the fluid volume present is crucial for estimating resources and choosing production methods, rates, and reservoir management strategies in petroleum reservoir research and management. Cross-examination is necessary to eliminate inherent problems originating from overestimation or underestimation because the information gained serves as the foundation for resource development. Since the industry's profits are derived from the sale of oil and gas, it is expected that the production of these resources will be measured with confidence. In this work, software called MBAL was used to compute the oil originally in place by performing a non -linear regression of average pressure against cumulative oil production on the data from Reservoir X in the Niger Delta. The STOIIP estimates obtained from the analysis of Reservoir X was 14.195, 14.2 for volumetric method, MBAL respectively
