Description
Global events from
This presentation clarifies what the term “oil and gas reserves” means in several contexts. Various parties and stakeholders – for example regulators, financiers and producers – have differing needs for reserves information. However, whatever the need, all reserves estimates must be based on a sound understanding of the prevailing definitions and adequate high-quality data. Trained, ethical and independent reserves evaluators must interpret and present these estimates. The term “independent” should apply to internal reserves staff as well as third-party reserves evaluators.
The presentation will also direct attention toward an analysis of the impact of the
