The RF Ministry of Natural Resources calculates the oil and gas reserves in a new way

The new evaluation system will take into account not only the geological characteristics of oil or gas, but also the economic parameters of their development.

The new classification of the hydrocarbon reserves, developed by the RF Ministry of Natural Resources, will be tested on the existing fields of 20-30 major oil companies. This decision was made after a meeting in the SRC headed by Sergei Donskoy, the Minister of Natural Resources, ("the Izvestia" has the copy of the report).

As Sergei Donskoi, the Minister of Natural Resources, explained to "the Izvestia", the new classification of oil and gas reserves is intended, first, to more clearly assess the quality of stocks, which is important, including to determine the cost of the licenses distributed in tenders and auctions. Secondly, there will be more transparent selection criteria of defining the fields that can not be developed without the government's interference. These are subsoil areas under "soft" conditions: containing hard-to-recover reserves (oil rims of the gas fields, highly viscous oil, the reservoirs with low permeability, and the fields remote from the transport infrastructure). The most important innovation of the new classification is that it will take into account not only the geological characteristics of oil or gas, but the economic parameters of their development.

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