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Solve clearly 10 5 the possible reserve means -2 there is 10 percent confidence that the actual oil produced will be greater than 250

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Solve clearly

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10 5 " the possible reserve means -2 there is 10 percent confidence that the actual oil produced will be greater than 250 O mm bbl. there is 10 percent confidence that the actual oil produced will be equal or greater O than 250 mm bbl. there is 90 percent confidence that the actual oil produced will be greater than 250 mm bbl. O there is 90 percent confidence that the actual oil produced will be equal or less than 250 mm bbl. OHAS a- Using the concept of percentile define the following concepts as shown in the figure. Assume :1p = 50 mm bbl., 2p =150 mm bbl., 3p = 250 mm bbl. * Where mm = million. 1-define proved reserve 100% mumba POO Proved P50 % probability of value or more Probable Possible P10 IP 2P 3P EUR

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