Augusta1
What are some of the techniques used to estimate oil reserves?
Oil reserves
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replied to: Augusta1
ignati
Replied to: What are some of the techniques used to estimate oil reserves?...
The Volumetric Method uses the size and physical properties of the reservoir to try to determine how much oil is within.
replied to: ignati
tjared
Replied to: The Volumetric Method uses the size and physical properties of the...
The materials balance method uses the amount of oil, water and gas produced, as well as the amount of pressure remaining, to calculate the amount of oil left in the reservoir.