👉 Petroleum math involves complex calculations to estimate the quantity, quality, and economic viability of oil and gas reserves. It starts with geological data like well logs and seismic surveys to determine the size and distribution of potential reserves. This is then combined with geochemical analysis to assess the hydrocarbon content and quality. Reservoir simulation models predict how these resources will behave under different extraction scenarios, factoring in pressure, temperature, and fluid flow dynamics. Economic calculations then evaluate the profitability of extraction based on factors like production costs, market prices, and recovery factors. This multidisciplinary approach integrates geology, chemistry, physics, and economics to provide a comprehensive understanding of petroleum resources and guide investment decisions.
