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Exploration & Production Geology • Evaluation of Risk and Volume predictions. : Risk and Play Mapping - Exploration & Production Geology
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How to define your play? How to rank your prospects? How to generate you Common Risk Segment maps and how to communicate your risks? All those questions go here.
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Evaluation of Risk and Volume predictions.

Tue Apr 12, 2011 8:03 pm

I was wandering whether, with all the drilling and field data that has been collected over the years, there are any reports on how often geologists are right about their predictions on volumes and risk. I realize that these predictions are constantly changed as new data becomes available, but this can probably be accounted for in such an analysis. These evaluations are probably kept confidential for obvious reasons, but I do feel that sharing this knowledge on how optimistic or pessimistic geologists tend to be can help the general geoscience population in future predictions...

Anybody able to shed a light on this?

Merci,

Dion

Re: Evaluation of Risk and Volume predictions.

Wed Jan 23, 2013 2:54 pm

See my website on www.mhnederlof.nl hindsight analysis.
Also the publication by Sluijk and Parker, 1986, AAPG Bulletin v.70, no.5, p.648-649.
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