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From

Predicting Oil Production Level for Specified Cost, Price and Revenue

C. I. Nwoye, I. D. Adiele, S. E. Ede, I. H. Obiagwu, C. C. Nwoye

International Journal of Econometrics and Financial Management. 2014, 2(6), 236-242 doi:10.12691/ijefm-2-6-3
  • Figure 1. Variation of oil production level with expected revenue as obtained from experiment
  • Figure 2. Variation of oil production level with expected revenue as obtained from derived model
  • Figure 3. Variation of oil production level with current oil price as obtained from experiment
  • Figure 4. Variation of oil production level with current oil price as obtained from derived model
  • Figure 5. Variation of oil production level with operating cost as obtained from experiment [1]
  • Figure 6. Variation of oil production level with operating cost as obtained from derived model
  • Figure 7. Comparison of oil production level (relative to expected revenue) as obtained from experiment and derived model
  • Figure 8. Comparison of oil production level (relative current oil price) as obtained from experiment and derived model
  • Figure 9. Comparison of oil production level (relative to operating cost) as obtained from experiment and derived model
  • Figure 10. Comparison of oil production level (relative to expected revenue) as obtained from ExD, MoD and ReG
  • Figure 11. Comparison of oil production level (relative to current oil price) as obtained from ExD, MoD and ReG
  • Figure 12. Comparison of oil production level (relative to operating cost) as obtained from ExD, MoD and ReG
  • Figure 13. Variation of model-predicted oil production level (based on production year) with associated deviation/ risk from experiment
  • Figure 14. Variation of model-predicted oil production level (relative to expected revenue) with associated deviation/ risk from experiment
  • Figure 15. Variation of model-predicted oil production level (relative to current oil price) with associated deviation/ risk from experiment
  • Figure 16. Variation of model-predicted oil production level (relative to production year) with operating cost