--> --> Abstract: Opportunity Maturation: Forecasting Resource and Reserve Additions, by Charles Stabell and Per Audun Hole; #90072 (2007)
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Opportunity Previous HitMaturationTop: Forecasting Resource and Reserve Additions

Charles Stabell and Per Audun Hole
GeoKnowledge, Oslo, Norway

This paper presents an analytical framework and a stochastic modelling approach to forecasting how exploration and exploitation opportunities can be transformed into future uncertain resources and reserves. The basic idea is to model a portfolio of projects that transform uncertain resources and reserves through a set of exploration, appraisal, development and production activities. The transformation considers shared sub-surface dependencies as well shared above-surface facilities and shared fiscals. The approach will be illustrated using a illustrative, but realistic portfolio of exploration opportunities.


AAPG Search and Discovery Article #90072 © 2007 AAPG and AAPG European Region Conference, Athens, Greece