The Oil Drum: An Attempt to Apply The Parabolic Fractal Law to Saudi Arabia

Many natural object geometry are well described by a fractal (e.g. a coastline). In particular, fractal self-similarity is a powerful concept that has been investigated by Beno
I believe that the PFL could be a complementary tool to analyze production data under a different angle especially when the Hubbert Linearization technique does not produce a clear result. For instance, when applied to the United Kingdom production data, the resulting Ultimate Recoverable Ressource (URR) is very close to the value estimated by the Hubbert Linearization technique. I intend here to apply this technique to Saudi Arabia oil fields. Despite using coarse oilfield size estimates, the PFL seems to point toward an URR close to the ASPO estimate at 270 Gb.

Much more after the jump to The Oil Drum.