Abstract
Geostatistical reservoir characterization techniques promise to improve the economics of oil and gas production through the integration of seismic, petrophysical and geologic techniques. Unfortunately, these methods have become veiled with mysterious jargon and the use of geostatistics is too often restricted to a few “experts.” In reality, geostatistical tools are quite simple to use and can be easily mastered. However, these new techniques can only supplement and not replace the correct practice of geophysics, geology, and reservoir engineering.
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