... to facilitate dialogue among the users of reserves/resource data and the many stakeholders who regularly use reserves and resource estimates. reserves replacement Upstream Oil & Gas US government information reserves classification resource number presentation requirement reserve definition...

...D. Ronald Harrell Management SPE has long been a leader together with several other cooperative industry organizations in establishing petroleum reserves definitions. This began in 1962 with the appointment of the first SPE Oil and Gas Reserves Committee (OGRC) and continues through the most recent...

... the scope of this paper. Reserves Definition and Classification Fig. 1 shows how reserves are part of the petroleum resource base. Under the SPE/WPC definitions, "Reserves are those quantities of petroleum which are anticipated to be commercially recovered from known accumulations from a given date forward...

... on internal consensus. Please address your comments by e-mail to [email protected] . A Necessary Update The proposed system would update and replace the current guidelines as contained in the 1997 SPE/WPC Petroleum Reserves Definitions and the 2000 SPE/WPC/AAPG Petroleum Resources Classification and Definitions...

... another step forward, envisioning a universal standard that could be adopted by international financial, regulatory, and reporting bodies, as well as the oil and gas industry. Forming the foundation for this standard are the petroleum reserves definitions approved in 1997 by SPE and the World Petroleum...

... this document. independent evaluation reserves replacement macnaughton upstream oil & gas president reserves evaluation work process procedural review reliable reserve estimate reserve estimate audit requirement reliability evaluation degolyer reserve definition accountability...

...Dennis Denney This article, written by Technology Editor Dennis Denney, contains highlights of paper SPE 71430, "The Adaptation of Reservoir-Simulation Models for Use in Reserves Certification Under Regulatory Guidelines or Reserves Definitions," by M.R. Palke and D.C. Rietz, Ryder Scott Co...

..._ JPT staff Techbits - No abstract available. 1 4 2000 1 4 2000 1 4 2000 1 4 2000 2000. Copyright is held partially by SPE. Contact SPE for permission to use material from this document. participant reserve definition asset and portfolio management upstream oil...

... in approaches used for booking reserves, whether for internal or external reporting requirements, represents a significant problem for the industry. Despite all the efforts made to establish a broadly acceptable set of reserve definitions and the guidelines published by various regulatory bodies, many areas...

...J.D. Grace; R.H. Caldwell; D.I. Heather Summary Reserves definitions in use in the Former Soviet Union (FSU) are described and discussed. The U.S. Securities and Exchange Commission (SEC) and SPE deterministic definitions and the 1983 World Petroleum Congress (WPC) probabilistic (1P, 2P, and 3P...

... basin coalbed-methane play. These case histories illustrate thebenefit of coupling classic deterministictechniques with probability analysis to express uncertainty consistentlyand meaningfully. Background The reserve definitions most commonly usedin the U.S. are those published by the Securities...