Why it matters by Sigurd Heiberg
Why it matters by Sigurd Heiberg
Why it matters by Sigurd Heiberg
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AAPG/SPE<br />
International Multidisciplinary<br />
Reserves Conference<br />
Common Resource Terminology for Energy<br />
Policies, Government and Business<br />
Processes and for Financial Reporting – <strong>Why</strong><br />
<strong>it</strong> <strong>matters</strong><br />
<strong>by</strong><br />
<strong>Sigurd</strong> <strong>Heiberg</strong><br />
Statoil<br />
Chairperson, UNECE Group of Experts on Harmonization of<br />
Fossil Energy and Mineral Resources Terminology
The UNFC for Petroleum<br />
Total in-place Principles<br />
Classification<br />
Economic and<br />
commercial<br />
viabil<strong>it</strong>y<br />
Field project<br />
status and<br />
feasibil<strong>it</strong>y<br />
Geological<br />
knowledge<br />
w E1 Economic<br />
w F1 Justified<br />
w G1 Reasonably assured<br />
w E2 Potentially economic w F2 Contingent<br />
w G2 Estimated<br />
w E3 Intrinsically economic w F3 Undefined<br />
w G3 Inferred<br />
w G4 Potential<br />
AAPG/SPE International Multidisciplinary Reserves Conference
UNFC and early classifications<br />
E<br />
AAPG/SPE International Multidisciplinary Reserves Conference<br />
F<br />
G
UNFC and early classifications – The<br />
KcKelvey classification<br />
E<br />
AAPG/SPE International Multidisciplinary Reserves Conference<br />
F<br />
G
UNFC and the 2007 SPE/WPC/AAPG/SPEE<br />
Petroleum Resource Management System<br />
E<br />
AAPG/SPE International Multidisciplinary Reserves Conference<br />
F<br />
G
• 1977<br />
Gas transport and terminals<br />
St S<br />
Fergus<br />
Teesside<br />
Frigg<br />
Ekofisk<br />
Norpipe<br />
Emden<br />
AAPG/SPE International Multidisciplinary Reserves Conference
• 1977<br />
• 1987<br />
Gas transport and terminals<br />
St S<br />
Fergus<br />
Teesside<br />
Statfjord<br />
Frigg<br />
Ekofisk<br />
Kårstø<br />
Norpipe<br />
Emden<br />
AAPG/SPE International Multidisciplinary Reserves Conference
• 1977<br />
• 1987<br />
• 1997<br />
Gas transport and terminals<br />
St S Fergus<br />
Teesside<br />
Statfjord<br />
Frigg<br />
Sleipner<br />
Ekofisk<br />
Troll<br />
Kollsnes<br />
Kårstø<br />
Europipe I<br />
Norpipe N<br />
Zeepipe I<br />
Franpipe F<br />
Emden<br />
Zeebrugge<br />
Dunkerque<br />
Heidrun<br />
Haltenpipe<br />
AAPG/SPE International Multidisciplinary Reserves Conference
• 1977<br />
• 1987<br />
• 1997<br />
• 2007<br />
Melkøya<br />
Gas transport and terminals<br />
St S<br />
Fergus<br />
Ormen Lange<br />
Statfjord<br />
Frigg<br />
Vesterled<br />
Sleipner<br />
Åsgard<br />
Kristin<br />
Ekofisk<br />
Haltenpipe<br />
Nyhamna<br />
Europipe II<br />
Europipe I<br />
Langeled<br />
Norpipe N<br />
Teesside Zeepipe I<br />
Franpipe F<br />
Emden<br />
Easington<br />
AAPG/SPE International Multidisciplinary Reserves Conference<br />
ÅTS<br />
Troll<br />
Kårstø<br />
Norne<br />
Heidrun<br />
Kollsnes<br />
Zeebrugge<br />
Dunkerque<br />
Snøhv<strong>it</strong>
Energy to Europe<br />
Sattel<strong>it</strong>e image <strong>by</strong> NASA<br />
Flared gas in 2002<br />
AAPG/SPE International Multidisciplinary Reserves Conference
Government cash flow from petroleum<br />
Improved graphic resolution<br />
Source: Norwegian Public Accounts/National Budget<br />
AAPG/SPE International Multidisciplinary Reserves Conference
UNFC and the 2007 SPE/WPC/AAPG/SPEE<br />
Petroleum Resource Management System<br />
E<br />
AAPG/SPE International Multidisciplinary Reserves Conference<br />
F<br />
G
Corporate portfolios<br />
Product<br />
chains<br />
Securing value<br />
Corporate<br />
Country and business un<strong>it</strong>s<br />
Assets<br />
Value creation in E&P<br />
AAPG/SPE International Multidisciplinary Reserves Conference<br />
Procurement<br />
chains
The annual cycle of reserves and resource reporting in<br />
Norway<br />
Database update<br />
Provisional report<br />
PRT Update and Production<br />
Application<br />
OP Government Report<br />
Business plan<br />
Start Annual reporting<br />
October<br />
November<br />
September<br />
August<br />
December<br />
January<br />
AAPG/SPE International Multidisciplinary Reserves Conference<br />
July<br />
June<br />
February<br />
May<br />
March<br />
April<br />
Year end update<br />
Approval<br />
Annual Report<br />
SEC Report<br />
Resource Report<br />
Continuous<br />
decision support<br />
Government update
C<strong>it</strong>y lights<br />
Source: NASA<br />
AAPG/SPE International Multidisciplinary Reserves Conference
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