New Approaches to the Assessment of Hydrocarbon Reserves and Resources of PS Sediments in the SCB

Abstract

The article is devoted to the evaluation of hydrocarbon reserves and resources with new approaches of Productive Layer sediments in the Azerbaijan sector of the South Caspian Basin. In the research work, hydrocarbon reserves of the oil and gas and gas condensate fields of the SCB were calculated by Monte Carlo method and distribution regularities on cross-section have been studied. Hydrocarbon resources in the basin were evaluated using a completely new approach-unconventional method. The proposed approaches are very important in determining the sequence of exploration work in such basins and in formulating the exploration strategy of the field. Keywords: Basin; Reserve; Resource; Exploration; Field; Formation; Bayes method.