Total expected additional production discovery in constant production per unit area

Input(s)

$K_{i \_ \text {add }}$: Number of Fields estimated to be discovered with additional number of Exploration Wells (dimensionless)

$R_{u i}$: Total Production of an Average Size Field in Class "i" (bbl)

$A_{i}$: Total Area of Discovered Fields in Field Class "i" (acres)

$A_{i \_ \text {add }}$: Total Area Estimated to be discovered in Selected Field Class (acres)

Output(s)

$R_{u}$: Total Expected Additional Production Discovery in Selected Field Class (acres)

Formula(s)

$$ \mathrm{R}_{\mathrm{u}}=\sum \mathrm{K}_{\mathrm{i} \_ \text {add }} \cdot \mathrm{A}_{\mathrm{i} \_ \text {add }} \cdot \frac{\mathrm{R}_{\mathrm{ui}}}{\mathrm{A}_{\mathrm{i}}} $$

Note: All Formulas need to be applied in each Field Class separately.

Reference(s)

Serpen, U., Petroleum Economics, Course Notes, ITU Petroleum and Natural Gas Engineering, Istanbul, Turkey, (2008) Page: 81 .