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From HOT Engineering
The Significance of Petroleum Reserve and Resource Estimates
Petroleum reserves data are used by a variety of stakeholders for multiple purposes.
The way reserves are estimated and communicated is an integrated activity, cutting across several technical and commercial disciplines. Therefore, a basic understanding of the reserve estimation process is a fundamental requirement for all disciplines involved in the exploration and exploitation aspects of the
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Petroleum reserves data are used by a variety of stakeholders for multiple purposes.
The way reserves are estimated and communicated is an integrated activity, cutting across several technical and commercial disciplines. Therefore, a basic understanding of the reserve estimation process is a fundamental requirement for all disciplines involved in the exploration and exploitation aspects of the
more...
From iQrate Consulting Services
TEST ESTIMATION
.... If there are no tools or methodology to support it, the estimation process is a nightmare for those responsible for it.
There are factors related to the process, factors arising out of the nature of the project, the tools in hand, the skill sets and mind sets of the resources available, and some complicating factors, that affect Test Estimation. It is important to combine good
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