Interpreting reserves: moving from reserves to URR

J.F. Speirs*, C. McGlade, S.R. Sorrell

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contribution book

Abstract

Given the conservative nature of reserve estimates, the resulting reserve growth over time, and other associated issues, the ultimately recoverable resource (URR) is a more useful resource classification when assessing future petroleum resource availability. This abstract describes some of the findings of a systematic review of the evidence surrounding resource and reserve estimates for both conventional oil and unconventional gas. This review includes discussion of the methodological approaches that can be used, the difficulties associated with these methodologies and the particular issues associated with estimating unconventional resources. It finds that the most robust estimates are likely to arise from a combination of methodological approaches.
Original languageEnglish
Title of host publication75th EAGE Conference & Exhibition incorporating SPE EUROPEC 2013
Place of PublicationBunnik
Pages2241-2245
Number of pages5
DOIs
Publication statusPublished - 10 Jun 2013
Event75th European Association of Geoscientists and Engineers Conference and Exhibition 2013 Incorporating SPE EUROPEC 2013: Changing Frontiers - London, United Kingdom
Duration: 10 Jun 201313 Jun 2013

Publication series

Name75th European Association of Geoscientists and Engineers Conference and Exhibition 2013 Incorporating SPE EUROPEC 2013: Changing Frontiers

Conference

Conference75th European Association of Geoscientists and Engineers Conference and Exhibition 2013 Incorporating SPE EUROPEC 2013: Changing Frontiers
Country/TerritoryUnited Kingdom
CityLondon
Period10/06/1313/06/13

Keywords

  • ultimately recoverable resource
  • petroleum resource availability
  • conventional oil
  • unconventional gas

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