Mathematics, 29.04.2021 16:20 dondre54
You are conducting a Monte Carlo simulation to calculate oil reserves for a well using the volumetric method. The following data and distributions have been estimated, and the random numbers listed have been sampled for each distribution. Assume the properties are all independent. What is the calculated value of reserves in MSTB for this first iteration of the Monte Carlo simulation
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You are conducting a Monte Carlo simulation to calculate oil reserves for a well using the volumetri...
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