From http://www.novatek.ru/eng/news_center/clas/
Russian Classification of Reserves
The estimation of reserves of natural gas, gas condensate and crude oil can be broken down into two components: (i) geological reserves, or the quantities of natural gas, gas condensate and crude oil contained in the subsoil and (ii) extractable reserves, or the portion of geological reserves whose extraction from the subsoil as of the date the reserves are calculated is economically efficient given market conditions and rational use of modern extraction equipment and technologies and taking into account compliance with the requirements of subsoil and environmental protection.
Showing posts with label Reserves. Show all posts
Showing posts with label Reserves. Show all posts
Thursday, January 17, 2008
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