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How to counter the effects of upside bias in prospect inventories used for yet-to-find estimations
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, 79th EAGE Conference and Exhibition 2017 - Workshops, Jun 2017, cp-519-00087
- ISBN: 978-94-6282-219-1
Abstract
Downside discovery sizes result from when the pre-drill prospect model fails and occur in as much as 50% of successful exploration wells. This paper shows a way of incorporating the downside in prospect evaluations, based largely on historical data.