A fortran program for Monte Carlo simulation of oil-field discovery sequences

Computers & Geosciences
By:  and 

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Abstract

We have developed a program for performing Monte Carlo simulation of oil-field discovery histories. A synthetic parent population of fields is generated as a finite sample from a distribution of specified form. The discovery sequence then is simulated by sampling without replacement from this parent population in accordance with a probabilistic discovery process model. The program computes a chi-squared deviation between synthetic and actual discovery sequences as a function of the parameters of the discovery process model, the number of fields in the parent population, and the distributional parameters of the parent population. The program employs the three-parameter log gamma model for the distribution of field sizes and employs a two-parameter discovery process model, allowing the simulation of a wide range of scenarios. ?? 1993.

Additional publication details

Publication type Article
Publication Subtype Journal Article
Title A fortran program for Monte Carlo simulation of oil-field discovery sequences
Series title Computers & Geosciences
DOI 10.1016/0098-3004(93)90066-E
Volume 19
Issue 10
Year Published 1993
Language English
Publisher Elsevier
Publisher location Amsterdam, Netherlands
Larger Work Type Article
Larger Work Subtype Journal Article
Larger Work Title Computers and Geosciences
First page 1529
Last page 1543