Abstract
The reporting standards for both production and reserves are atrociously weak in many countries, so it is necessary to explain the process of analysis as adopted here in some detail. For example, the 2011 edition of the BP Statistical Review, which is widely taken as an authoritative source coming from a major oil company, reports unchanged reserves in 36 countries. Yet it is not remotely plausible that new discovery and/or an upward revision of the amount recoverable should exactly match production over the past year.
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Notes
- 1.
API is a measure of density established by the American Petroleum Institute. Water has a density of 10o API.
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© 2013 Colin J. Campbell and Alexander Wöstmann
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Campbell, C.J. (2013). The Estimation and Reporting of Reserves and Production. In: Campbell's Atlas of Oil and Gas Depletion. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-3576-1_2
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DOI: https://doi.org/10.1007/978-1-4614-3576-1_2
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