SPE/WPC reserves definitions approved
The SPE Board of Directors recently approved the revised reserves definitions submitted by the SPE Oil and Gas Reserves Committee. The revised definitions, drafted by the Society of Petroleum Engineers/World Petroleum Congresses (WPC) Task Force on Petroleum Reserves Definitions, are the result of several years of collaboration among task force members from both organizations, with input from outside organizations, companies, and individuals. SPE and WPC emphasize that these new definitions are intended to establish standard, general guidelines for petroleum reserves classification that will allow for proper comparison of quantities on a worldwide basis. The definitions, with the exception of portions of the Preamble, are presented here.
- OSTI ID:
- 500976
- Journal Information:
- JPT, Journal of Petroleum Technology, Vol. 49, Issue 5; Other Information: PBD: May 1997
- Country of Publication:
- United States
- Language:
- English
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