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Quantitative Statistical Analysis of Success Probabilities for Field Size Estimation

This analysis delves into the quantitative assessment of the chances for success in identifying potential oil and gas reserves, focusing on fields estimated at 0.5000 MMBOE. The study evaluates the statistical probabilities of finding risked and speculative potential, providing insights into the most probable field size. By utilizing advanced play analysis techniques, we aim to enhance decision-making processes in exploration and investment strategies in the energy sector.

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Quantitative Statistical Analysis of Success Probabilities for Field Size Estimation

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  1. Quantitative Play Analysis Statistical Estimate of Chance for Success 1.0 Most Probable Field Size Probability of Finding Risked Potential Speculative Potential 0 5000 MMBOE

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