Application of life cycle theory to predict increasing trend of proved oil reserves in Liaohe Oilfield

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  • Liaohe Oilfield Company of CNPC, Panjin 124010, China

Online published: 2010-03-15

Abstract

Weng’s Life Cycle Theory is suitable for the description and prediction of the finite system of life amount. Oil and natural gas which are nonrenewable mineral resources can be described and predicted usingWeng’s Life Cycle Theory. Proved oil reserves’ increasing trend is predicted and fitted using relationship between the proved oil reserves and exploration time in Liaohe Oilfield. Results show that the exploration degree in Liaohe Oilfield which has undergone a rapid growth stage is high at present and the increase of proved reserves has gone into a slowgrowth stage. The annual growth of proved reserves is predicted to be about 3 000×104 t in the future several years.

Cite this article

TIAN Shufang,ZHANG Hongwen . Application of life cycle theory to predict increasing trend of proved oil reserves in Liaohe Oilfield[J]. Lithologic Reservoirs, 2010 , 22(1) : 98 -100 . DOI: 10.3969/j.issn.1673-8926.2010.01.018

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