COMPARATIVE RESERVES DEFINITIONS - USA, EUROPE, AND THE FORMER SOVIET-UNION

Authors
GRACE JD CALDWELL RH HEATHER DI
Citation
Jd. Grace et al., COMPARATIVE RESERVES DEFINITIONS - USA, EUROPE, AND THE FORMER SOVIET-UNION, Journal of petroleum technology, 45(9), 1993, pp. 866-872
Citations number
14
Categorie Soggetti
Energy & Fuels","Engineering, Chemical",Geology
Journal title
Journal of petroleum technology → ACNP
ISSN journal
01492136
Volume
45
Issue
9
Year of publication
1993
Pages
866 - 872
Database
ISI
SICI code
0149-2136(1993)45:9<866:CRD-UE>2.0.ZU;2-Q
Abstract
Reserves definitions in use in the Former Soviet Union (FSU) are descr ibed and discussed. The U.S. Securities and Exchange Commission (SEC) and SPE deterministic definitions and the 1983 World Petroleum Congres s (WPC) probabilistic (1P, 2P, and 3P) definitions commonly used in Eu rope are compared with the A, B, C, and D system used in the FSU. We d iscuss the strengths and weaknesses of each system, the implication fo r quantification of reserves and resources in each area, and the trans lation difficulties between systems.