Aggregation methodology for the circum-arctic resource appraisal
Mathematical Geosciences
By: John H. Schuenemeyer and Donald L. Gautier
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Abstract
This paper presents a methodology that intends to aggregate the results of a recent assessment of undiscovered conventional oil and gas resources of the Arctic by the U.S. Geological Survey. The assessment occurred in 48 geologically defined regions called assessment units. The methodology includes using assessor specified pair-wise correlations as the basis to construct a correlation matrix. Sampling from this matrix generates more realistic uncertainty estimates of aggregated resources than if assumptions of total independence or total dependence are made. The latter two assumptions result in overly narrow or overly broad estimates. Aggregation results for resources in regions north of the Arctic Circle are presented.
Study Area
| Publication type | Article |
|---|---|
| Publication Subtype | Journal Article |
| Title | Aggregation methodology for the circum-arctic resource appraisal |
| Series title | Mathematical Geosciences |
| DOI | 10.1007/s11004-010-9274-9 |
| Volume | 42 |
| Issue | 5 |
| Year Published | 2010 |
| Language | English |
| Publisher | Springer |
| Contributing office(s) | Geology and Geophysics Science Center |
| Description | 12 p. |
| First page | 583 |
| Last page | 594 |
| Other Geospatial | Arctic Circle |
| Google Analytic Metrics | Metrics page |