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From HOT Engineering
The Significance of Petroleum Reserve and Resource Estimates
Petroleum reserves data are used by a variety of stakeholders for multiple purposes.
The way reserves are estimated and communicated is an integrated activity, cutting across several technical and commercial disciplines. Therefore, a basic understanding of the reserve estimation process is a fundamental requirement for all disciplines involved in the exploration and exploitation aspects of the
more...
Petroleum reserves data are used by a variety of stakeholders for multiple purposes.
The way reserves are estimated and communicated is an integrated activity, cutting across several technical and commercial disciplines. Therefore, a basic understanding of the reserve estimation process is a fundamental requirement for all disciplines involved in the exploration and exploitation aspects of the
more...
