Comparison of Selected Reserves and Resource Classifications and Associated Definitions

Description

87 p.Society of Petroleum EngineersOil and Gas Reserves Committee (OGRC)Mapping Subcommittee Final Report – December 2005Mapping Subcommittee: John Etherington, Torbjorn Pollen, Luca ZuccoloTable of ContentsExecutive Summary IntroductionClassifications/Definitions StudiedMethod of StudySummary Comparison by issuing Agency- Overview of Category and Class Mapping - US Security and Exchange Commission (SEC-1978) - UK Statement of Recommended Practices (SORP-2001) - Canadian Security Administrators (CSA -2002) - Russian Ministry of Natural Resources (RF-2005)- China Petroleum Reserves Office (PRO–2005) - Norwegian Petroleum Directorate (NPD–2001) - United States Geological Survey (USGS-1980)- United Nations Framework Classification (UNFC-2004)Findings and AnalysisOverview - Classification Approach Comparison by Major Issue - Classification by Discovery Criteria - Classification by Commercial Criteria - What is Commercial?- Project Status Categories- Classification by Uncertainty- Deterministic vs Probabilistic MethodsAggregations Issues- Proved Reserves Criteria- Unproved Reserves Definitions - Improved Recovery (IR) - Developed vs Undeveloped Reserves - Other Issues- Proved without Probable- Lease Fuel- Reserves Reference Point- Unconventional Hydrocarbons- Resource EntitiesConclusions and Recommendations Appendix ADetailed Descriptions of Agencies’ Classifications/DefinitionsSummary and Detailed (tables) Comparison to SPE Reserves Definitions- US Security and Exchange Commission (SEC-1978)- UK Statement of Recommended Practices (SORP-2001)- Canadian Security Administrators (CSA -2002)- Russian Ministry of Natural Resources (RF-2005)- China Petroleum Reserves Office (PRO–2005)- Norwegian Petroleum Directorate (NPD–2001)- United States Geological Survey (USGS-1980)- United Nations Framework Classification (UNFC-2004)