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  • 06 2011 RSC Conference - Intro To SPE Monograph 3 - Definition of A Resource Play - Hall 02

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    Woodoo Oodoow
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    The term "resource play" was traditionally used by the mining industry but started being used more in the oil and gas industry in the early 2000s to denote a large deposit with low development risk. While the term was being used, there was no formal technical or engineering definition for a resource play until 2008 when the Society of Petroleum Engineers decided to develop an official definition.

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    06-2011-RSC-Conference_Intro-to-SPE-Monograph-3_Definition-of-a-Resource-Play_Hall-02

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    The term "resource play" was traditionally used by the mining industry but started being used more in the oil and gas industry in the early 2000s to denote a large deposit with low development risk. While the term was being used, there was no formal technical or engineering definition for a resource play until 2008 when the Society of Petroleum Engineers decided to develop an official definition.

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    9 views1 page

    06 2011 RSC Conference - Intro To SPE Monograph 3 - Definition of A Resource Play - Hall 02

    Uploaded by

    Woodoo Oodoow
    The term "resource play" was traditionally used by the mining industry but started being used more in the oil and gas industry in the early 2000s to denote a large deposit with low development risk. While the term was being used, there was no formal technical or engineering definition for a resource play until 2008 when the Society of Petroleum Engineers decided to develop an official definition.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    How Did We Get Here ?

    Prior to 1986 “Resource Play” was used mostly


    by the Mining Industry to Describe an Extensive
    Deposit. The term “Resource Play” appeared
    only Occasionally in the Oil and Gas industry.
    Starting in early 2000’s, Industry Uses
    “Resource Play” to Denote a LARGE Deposit
    with LOW Development Risk.
    Technical (i.e. Engineering) Definition Did NOT
    Exist.
    In 2008, SPEE Decided to Tackle the Resource
    Play Questions.
    1

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