Glossary of Terms Used in Petroleum Reserves / Resources Definitions

  title={Glossary of Terms Used in Petroleum Reserves / Resources Definitions},
  • Published 2007
For several decades, the terminology used in the classification of petroleum reserves and resources has been the subject of study and ongoing revision. Since the mid-1930s, numerous technical organizations, regulatory bodies, and financial institutions have introduced ever more complex terminologies for the classification of petroleum reserves. In addition, the evolution of technology has yielded more precise engineering methods for reserve evaluation and has intensified the need for an… CONTINUE READING