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Abstract

Reliable estimation of oil and gas reserves is paramount for guiding investment decisions and ensuring the sustainable development of energy resources. This abstract provides a concise overview of the strategies employed by industry professionals to achieve dependable reserves estimation. Key strategies include embracing multidisciplinary approaches, leveraging advanced data analytics and modeling techniques, calibrating and validating reservoir models, conducting probabilistic analysis and risk assessment, and fostering a culture of continuous learning and adaptation. By integrating these strategies, stakeholders can navigate the complexities of reserves estimation with confidence, enhancing the reliability and resilience of their assessments in the dynamic energy landscape.