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Estimate the hydrocarbon reserves. i. Calculate the reservoir bulk volume, pore volume, reservoir volume and initial oil in place (STOIP) of the reservoir from the
Estimate the hydrocarbon reserves.\ i. Calculate the reservoir bulk volume, pore volume, reservoir volume and initial oil in place (STOIP) of the reservoir from the Geology & Geophysicist (G & G) data. Explain the differences. - 1 student (3, PO5).\ ii. Calculate the STOIP for the reservoir field by considering the uncertainty using the Montecarlo simulation method (random number minimum 10000). Determine the size of the STOIP P10, P50 and P90 (use software). Justify which STOIP should be considered. - 1 student (CO2, PO2, WP3).
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