Probabilistic reserves estimation using decline curve analysis with the bootstrap method | Conference Paper individual record

© 1996 Society of Petroleum Engineers, Inc. The bootstrap method of Monte Carlo analysis has been applied to the production performance data of two fields to obtain probabilistic distribution of reserves estimates. This method does not require a prior knowledge of the underlying parameter distributions. For the fields discussed, the deterministic reserves estimates using constant percent decline obtained are comparable to the Pw method from the bootstrap method.

publication outlet

Society of Petroleum Engineers - SPE Annual Technical Conference and Exhibition

author list (cited authors)
Jochen, V. A., & Spivey, J. P
publication date