About This Item
- Full TextFull Text(subscription required)
- Pay-Per-View PurchasePay-Per-View
Purchase Options Explain
Share This Item
The AAPG/Datapages Combined Publications Database
Indonesian Petroleum Association
Abstract
Exploration History and Random Drilling Models
Abstract
The history of petroleum exploration in the United States can be generalized to other regions if the factors that influenced succesful searching can be identified. A historical analysis shows that the largest fields are found first and that the size distribution of fields constantly changes. Thus, the average cost of drilling per barrel discovered constantly increases. An analysis relating the quantity of oil discovered to the intensity of exploratory drilling shows that since 1929 the rate of success per unit of search effort has declined exponentially. A random drilling or probability model can explain the major features of the exploration history. Moreover, a 
computer
simulation using a Monte Carlo method indicates that industry has been no more successful than random drilling in finding giant oil fields.
Pay-Per-View Purchase Options
The article is available through a document delivery service. Explain these Purchase Options.
| Watermarked PDF Document: $14 | |
| Open PDF Document: $24 |