This paper is concerned with optimal strategies for drilling in an oil exploration model. An exploration area contains n1 large and n2 small oilfields, where n1 and n2 are unknown, and represented by a two-dimensional prior distribution π. A single exploration well discovers at most one oilfield, and the discovery process is governed by some probabilistic law. Drilling a single well costs c, an...

This paper applies Data Envelopment Analysis (DEA) and Elasticity Analysis to an empirical assessment study on innovation ability and innovation potentiality. According to inputs and outputs data of these innovative enterprises, we build CCR model, BCC model and Elasticity model to measure their innovation ability and innovation potentiality. The results show that innovation ability is varied b...

Abstract Before a wide range of enhanced oil recovery (EOR) techniques were implemented for an oilfield, the EOR potential and economic evaluation should be evaluated in advance each reservoir to determine which technique was proper. In oilfield developed with fluvial delta reservoirs, complicated distribution scattered small reservoirs vertical horizontal directions brought trouble work. A rap...

BZ26-6 Oilfield is a kind of deep metamorphic rock buried-hill volatile oilfield in Bohai Sea, China. Its early development plan restricted due to the simultaneous production oil and gas large sections reservoirs, unclear understanding formation fluid properties uncertainty gas-oil interface. Through theoretical research on phase recovery experimental analysis crude characteristics original for...