Research output: Contribution to journal › Article › peer-review
New methods of assessment, structure, and development of oil and gas resources of mature petroleum provinces (Volga-Ural province). / Kontorovich, A. E.; Livshits, V. R.
In: Russian Geology and Geophysics, Vol. 58, No. 12, 01.12.2017, p. 1453-1467.Research output: Contribution to journal › Article › peer-review
}
TY - JOUR
T1 - New methods of assessment, structure, and development of oil and gas resources of mature petroleum provinces (Volga-Ural province)
AU - Kontorovich, A. E.
AU - Livshits, V. R.
N1 - Publisher Copyright: © 2017
PY - 2017/12/1
Y1 - 2017/12/1
N2 - This study describes a new method for quantification of hypothetical oil and gas resources, which is considered to be an alternative to conventional estimates by analogy to geologically similar plays and is most appropriate for maturely explored provinces. This method is based on the size-frequency distribution of oil accumulations in sedimentary basins and has never been applied to petroleum exploration. The new approach makes it possible to assess the oil resources concentrated in small and smallest oil fields, which may become the main targets for petroleum exploration. This study reviews the discovery and exploration history of the Volga-Ural province and provides estimates of initial and hypothetical oil resources and the size distribution of undiscovered field and the number of their pools. It was shown that given the volume of exploratory drilling of 500-550 thousand m per year, it is expected that more than three billion tons of oil would be produced from small and smallest fields of this province by the mid-21st century, with a stable annual production of 40-50 million tons. It was shown that the development of small and smallest oil fields is performed by small and medium-sized oil companies, which can be delivered through a dedicated government program.
AB - This study describes a new method for quantification of hypothetical oil and gas resources, which is considered to be an alternative to conventional estimates by analogy to geologically similar plays and is most appropriate for maturely explored provinces. This method is based on the size-frequency distribution of oil accumulations in sedimentary basins and has never been applied to petroleum exploration. The new approach makes it possible to assess the oil resources concentrated in small and smallest oil fields, which may become the main targets for petroleum exploration. This study reviews the discovery and exploration history of the Volga-Ural province and provides estimates of initial and hypothetical oil resources and the size distribution of undiscovered field and the number of their pools. It was shown that given the volume of exploratory drilling of 500-550 thousand m per year, it is expected that more than three billion tons of oil would be produced from small and smallest fields of this province by the mid-21st century, with a stable annual production of 40-50 million tons. It was shown that the development of small and smallest oil fields is performed by small and medium-sized oil companies, which can be delivered through a dedicated government program.
KW - assessment methods
KW - biased sample
KW - Dummy Introduction
KW - oil resources
KW - petroleum provinces
KW - prediction of petroleum potential
KW - truncated Pareto law
KW - BASINS
KW - FIELDS
KW - INDUSTRY
KW - SIZE DISTRIBUTION
UR - http://www.scopus.com/inward/record.url?scp=85037029390&partnerID=8YFLogxK
U2 - 10.1016/j.rgg.2017.11.010
DO - 10.1016/j.rgg.2017.11.010
M3 - Article
AN - SCOPUS:85037029390
VL - 58
SP - 1453
EP - 1467
JO - Russian Geology and Geophysics
JF - Russian Geology and Geophysics
SN - 1068-7971
IS - 12
ER -
ID: 9429474