Chapter 2: Petroleum Resources Definitions, Classification, and Categorization Guidelines
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Published:2024
Rich DuCharme, Dan Olds, Xavier Troussaut, "Petroleum Resources Definitions, Classification, and Categorization Guidelines", Guidelines for Application of the Petroleum Resources Management System
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The Petroleum Resources Management System (2018), termed PRMS herein, is a fully integrated system that provides the basis for classification and categorization of all petroleum reserves and resources. Although the system encompasses the entire in-place petroleum resource and characterizes projects at various levels of technical and commercial maturity, its widest application has been for estimating commercially recoverable quantities using a globally recognized system. Because no petroleum quantities can be commercially recovered without the installation of (or access to) the appropriate production, processing, and transportation facilities, application of the PRMS focuses on the development project that has been (or will be) implemented to recover petroleum from one or more accumulations. Further, the PRMS provides an explicit distinction between the chance of commerciality of that project, which defines its maturity (Classification), and the range of uncertainty in the petroleum quantities forecast to be potentially recovered and marketed in the future from that project (Categorization). This two-axis system is illustrated in Fig. 2.1.
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