System and method for fluid composition characterization

Systems and methods for predicting fluid composition in a reservoir formation are disclosed. To accurately and efficiently predict the composition of a sample fluid, an absorption spectrum is obtained over a prefixed set of wavelength channels and a set of basis spectra is received for all constituents of interest in the sample fluid. A set of a-priori constraints on the obtained absorption spectrum and constituent properties to be determined is then obtained, before calculating a joint probability distribution of all constituents of interest based on the obtained spectrum, basis spectra and a-priori constraints. In one embodiment, qualitative states are also computed for all constituents of interest based on the obtained spectrum, basis spectra and a-priori constraints.