Published May 2016

Statistical forecast of unexploredhydrocarbon resources’ capacity in Azerbaijan

I.S. Guliyev

E.B. Baghirov

Keywords:  
recoverable reserves
distribution function
lognormal
growth of oil and gas reserves

The paper offers the statistical method of estimation of unexplored resources based on combination of growth and probable distribution of oil and gas reserves. With this method have been estimated the unexplored onshore oil resources of Azerbaijan, as well as unexplored oil, gas and condensate resources by Azerbaijan sector of Caspian Sea according to the forecast.

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