Yes, good to see someone here that essentially produces half the referenced and cited (and high quality) graphs concerning oil depletion.

The one pressing question I always have is how the interpolated and extrapolated smooth lines get drawn on these figures. We all know that the oil production curves tend to use the Logistic as a fitting function, but we don't have a good handle on what most analysts use for discovery curves and creaming curves. In particular I have seen several references to creaming curves being modeled as "hyperbolic" curves yet find little in fundamental analysis to make any kind of connection.

Based on statistical considerations I am convinced that the discovery and creaming curves result from a relatively simple model that I have outlined on TOD. I have a recent post where I make the connection from dispersive discovery to creaming curves here:
http://mobjectivist.blogspot.com/2008/03/creaming-curves-and-dispersive....

In the following figure I apply the Dispersive Discovery function to one of the data sets on your graph. This function is simple to formulate and it produces a finite asymptote which you can use to estimate the "ultimate discoverable" (150 GBoe for NG in the following).

If in fact you use the same formulation for your extrapolation, I would be interested to know.

But I have a feeling you share the same frustration as I based on:

"But the USGS past approach since 2000 has been too optimistic, where only one geologist is simply guessing solely the number of discoveries and the size to be forecast (seventh approximation sheet) and then a Monte Carlo run (50 000 transforms) These wild guesses result into a beautiful distribution that looks real. A better approach should be hoped for, based on the complete past data reviewed by several geologists. "

This sounds like the best model out there is some horribly complex Monte Carlo run that ends up being a SWAG. I do indeed agree that a better approach is needed and think we need a good model to start with.

A good model must be the most important. If for example an expontial growing function A(t) = constant1*exp(constant2*t) is used for modeling the future the future will show exponential growth. I guess a quite good model could be derived by using all known fields in the US and simulate the production if the fields are drilled starting with the best.

The reply from Jean:

Every time that I plot a creaming curve, I am amazed to see how easy it is to model with several hyperbolas, but this doesn't explain why, except that on earth everything is curved. Linear is just a local effect (horizontal with the bubble, vertical with the mead) being the tangent of a curve. I found the same thing with fractals: it is a curve, so I took the simplest second degree curve : the parabola.

For creaming, hyperbola is the simplest with an asymptote. But the most important is to use several curves because exploration is cyclical. But another important point is to define the boundaries of the area. If the area is too big, it may combine apples and oranges making it difficult to find a natural trend. If the area is too small it will have too little data to find a trend. The best is to select a large Petroleum System which is a natural domain. The Arctic area is an artificial boundary and not a geological one.

I agree that the bigger the better, as the statistics improve and local geological variations play less of a factor.