This book reviews one statistical approach to estimating the size of oil resources yet to be found in a particular region, given the statistics of the reserves found so far. This is an important subject, especially today as oil resources are dwindling, so estimation methods like this are very useful for specialists working in the oil industry. It is also relevant to those in other extractive industries because the techniques could equally be applied to mineral resources for example.

The layout of the book is fairly standard with some introductory chapters giving some basic geological definitions followed by some basic...

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