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  • Spe/Wpc/Aapg Joint Definitions: Not To Scale

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    manish.7417
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    This document outlines petroleum resource classifications from initially in place through production. It shows petroleum starting as initially in place, becoming reserves if commercial production begins, and being produced. Reserves include proved, probable and possible categories. Contingent and prospective resources may become commercial if technology or economics change.

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    spe chart

    Original Title

    Spe Wpcchart

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    This document outlines petroleum resource classifications from initially in place through production. It shows petroleum starting as initially in place, becoming reserves if commercial production begins, and being produced. Reserves include proved, probable and possible categories. Contingent and prospective resources may become commercial if technology or economics change.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
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    Download as ppt, pdf, or txt
    10 views1 page

    Spe/Wpc/Aapg Joint Definitions: Not To Scale

    Uploaded by

    manish.7417
    This document outlines petroleum resource classifications from initially in place through production. It shows petroleum starting as initially in place, becoming reserves if commercial production begins, and being produced. Reserves include proved, probable and possible categories. Contingent and prospective resources may become commercial if technology or economics change.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    of 1

    SPE/WPC/AAPG

    joint definitions
    Discovered Petroleum-Initially-in-Place PRODUCTION
    Producing
    PETROLEUM-INITIALLY-IN-PLACE

    RESERVES
    Proved + Being developed
    Proved + Probable +
    Proved (1P) Probable (2P) Possible (3P) Development planned
    CONTINGENT Technology proved
    COMMERCIAL

    RESOURCES Technology not proved


    Best
    SUB-

    Low Estimate HIgh Estimate


    Estimate Non commercial
    Unrecoverable
    Petroleum-Initially-

    PROSPECTIVE PROSPECT
    Undiscovered

    RESOURCES LEAD
    in-Place

    Low Estimate Best HIgh Estimate


    Estimate PLAY
    Unrecoverable

    Not to scale

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