This book describes procedures for determining the total hydrocarbon (petroleum) resource or resource potential in a region. Statistical concepts and methods employed in petroleum resource assessment are the subject of the manuscript, extensively illustrated by numerous real case studies. Prof. Lee's computer-aided Petroleum Information Management and Resource Evaluation System (PETRIMES) methodology has been adopted by governments around the world and by major multinational oil companies to perform resource assessment and to predict future oil and gas production. Though this methodology is so widely used, there is no "user's guide" to it, and this book will be the definitive resource for PETRIMES users.

Presented in this publication are the results of a major study of the petroleum resources of the world as analyzed by Total Petroleum Systems. The distribution and volumes of resources available in these systems are critically important for the future of the world's economies. Geologic insights gained from studying these 149 systems and their constituent assessment units in 128 provinces and 96 countries, exclusive of the United States, allow a new look at petroleum accumulations and the rocks that are intimately associated with them.

Includes: Venn diagram for describing the fields of probability & statistics; the relationship between probability & inferential statistics; basic concepts of probability; random variables & probability distributions; descriptive parameters; some continuous probability distributions; statistics sampling concepts; descriptive statistics; sampling distributions; inferential statistics; tables; areas under the normal curve; & critical values of the chi-squared distribution. Illustrated with numerous charts & figures.

The oil price shocks of the mid-1980s and their aftermath created radical changes in the petroleum industry, and underlined the need for reliable information on petroleum resources. Integration between the disciplines of petroleum geology, exploration geophysics, reservoir/petroleum engineering and economics became a necessity for resource management and strategic planning. This volume is designed to bring together some of the best techniques evolved to meet these challenges. The very broad scope of the volume, ranging from the macro (global) to micro (field and prospect) level, provides an overview of the thought processes currently prevalent in the industry and academia on the subject of resource quantification and prediction.This is one of the first books to cover the extensive assembly of hydrocarbon quantification and prediction techniques - of value to petroleum industry management, geoscientists, engineers and economists. Containing hundreds of illustrations, some in colour, the book is arranged in 26 chapters with a detailed subject index. Many service companies and university departments with links to the industry will also find much to interest them.