Health & Environmental Research Online (HERO)


Print Feedback Export to File
8740310 
Journal Article 
Post-Hubbert challenge is to find new methods to predict production, EUR 
Nehring, R 
2006 
0 
Oil and Gas Journal
ISSN: 0030-1388 
104 
16 
43+46-51 
English 
Methods and models provide a systematic and logical rendition of the current knowledge. Often, the process of putting what is known in a systematic and logical form helps in understanding more fully the implications of current knowledge. As knowledge changes, methods and models need to change as well. When Hubert developed his method between 1955 and 1956, it was an accurate reflection of how the process of petroleum discovery and development and their implications for production were understood at the time. His work clearly laid out the implications of that understanding. In the four decades since, the knowledge of petroleum discovery and development has changed significantluy. The challenge now is not to continue to use an obsolte and increasingly irrelevant method but to develop further the understanding of recovery growth and create new methods and models of estimating ultimate petroleum recovery and forecasting production that incorporate that improved understanding.