Stories tagged with "discovered undeveloped"
More on the Systematics of Hubbert Linearisation
Posted by Euan Mearns on September 12, 2007 - 9:00am in The Oil Drum: Europe
Topic: Supply/Production
Tags: coal reserves, discovered undeveloped, gas reserves, hubbert linearization, production capacity, yet to find [list all tags]
An empirical study of the impact producing at below capacity has on the Qt intercept of a Hubbert Linearisation (HL) shows exact proportionality. If a country produces at 90% of capacity, the Qt intercept is 90% of actual URR (ultimate recoverable reserves) and so forth.
On this basis the following methodology for applying HL is proposed.
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