Exam2_Revu - PGE 310 FALL 2005 Exam 2 Review Problems 1)...

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PGE 310 FALL 2005 Exam 2 Review Problems 1) Estimate within a 90% confidence interval the number of oil and gas platforms in the Gulf of Mexico. 2) ExxonMobil predicts that demand for oil will increase steadily over the next 10 years, even if cars with higher fuel efficiency become widespread in the USA and Europe. This because car ownership in Asia is expected to increase rapidly as the average household income in several countries in that region rises past the $5000/ yr threshold. Is the ExxonMobil prediction of increase oil demand data driven or model driven ? 3) Production from a field fits a hyperbolic decline curve q t ( ) = q 0 1+ at n , where t is time since startup in days. Write the commands needed for an interactive MatLab session that computes flow rates at t = 1 yr, 3 yr, 5 yr and 10 yr. The final command must used vectorized computation, i.e. it returns the flow rates for all four times in a single command. For this field he coefficients q 0 , a and n are 3500 b/d, 0.00018 and 1.25 respectively.
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This test prep was uploaded on 04/06/2008 for the course PGE 310 taught by Professor Klaus during the Spring '06 term at University of Texas.

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Exam2_Revu - PGE 310 FALL 2005 Exam 2 Review Problems 1)...

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