Reserves


All posts for Reserves

Fractured resources, fractured hopes!

Earlier this year I was preparing a Finding Petroleum event on the Middle East (it eventually happened on May 16th) with Kurdistan a strong theme, some context being provided by Gulf Keystone Petroleum's financial restructuring, Genel Energy's  reserves downgrading, and lesser incidents with oth ...

David Bamford


Posted 7 days agoOpinion > KurdistanCarbonateReserves

Rystad Energy Annual Review of World Oil Recoverable Resources: Saudi Arabia adds oil resources ahead of IPO

In its annual account of global oil resources, Rystad Energy finds that Saudi Arabia has added enough recoverable oil resources to regain its top position ahead of the United States and Russia. The addition of 73 billion barrels of recoverable oil since the publication of Rystad Energy's 2016 annual ...

Julia Weiss


Posted 1 month agoOpinion > Rystad EnergySaudi ArabiaReserves

Yes, we have no bananas!

David Bamford says: I apologize for inflicting on you an article that is now about 4 months old but I thought that in view of some recent news , it was worthy of refreshment! One day on a remote planet in a parallel Universe…… A Botanist from a very very small company came across a large field ...

Petromall Insights


Posted 2 months agoOpinion > KurdistanReservesReserves Audits +1

Amerisur Resources - Reserves & Resources Update

Amerisur Resources Plc ("Amerisur" or the "Company"), the oil and gas producer and explorer focused on South America (LSE: AMER), is pleased to announce an update to the certified reserves and resources for its production assets in Colombia.  Following receipt of an independent reserves report for ...

OilVoice Press


Posted 4 months agoPress > Amerisur ResourcesReservesResources

Magnolia Petroleum - Updated Reserve Report

Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is pleased to announce the results of an independent Reserves Report.  The Report, which is part of the six-month bank debt redetermination process, shows an increase in the Company's net prove ...

OilVoice Press


Posted 4 months agoPress > Magnolia PetroleumAIMReserves

Supermajors’ Cost Index: How Efficient are they in Developing their Assets? | Petroleum Africa

The ‘lower for longer' oil price environment has forced oil and gas companies to look hard at their cost structures. Despite development costs accounting for more than 50% of total costs, the industry currently acks a widely accepted measure for assessing efficiency in this area.

Muktadir Ur Rahman


Posted 4 months agoLink > Supermajors Cost IndexBPShell +20

Green Dragon - 11th Year of Audited Reserves Growth

  Green Dragon Gas Ltd. (LSE: GDG), one of the largest independent companies involved in the production and sale of Coal Bed Methane (CBM) gas in China, is pleased to announce an increase in its 1P, 2P and 3P estimated reserves as at 31 December 2016. The estimates of reserves have been provided b ...

OilVoice Press


Posted 4 months agoPress > Green Dragon GasReservesReserves Audits

Study: Oil, Gas Development Costs Fall, But Could Go Lower

Looking specifically at seven supermajors—BP, Royal Dutch Shell Plc (NYSE: RDS.A), Eni (NYSE: E), Chevron Corp. (NYSE: CVX), ExxonMobil Corp. (NYSE: XOM), Total (NYSE: TOT) and ConocoPhillips (NYSE: COP)—development cost per barrel of oil equivalent (boe) increased by 66% between 2011 and 2015, bu ...

Muktadir Ur Rahman


Posted 4 months agoLink > Supermajors Cost IndexBPShell +20

ExxonMobil Announces 2016 Reserves

Exxon Mobil Corporation (NYSE:XOM) announced today proved reserves were 20 billion oil-equivalent barrels at year-end 2016, inclusive of a net reduction of 3.3 billion oil-equivalent barrels from 2015. Reserves changes in 2016 reflect new developments as well as revisions and extensions to existin ...

OilVoice Press


Posted 5 months agoPress > ExxonMobilReserves

Business Process Specialist - LONDON

Our client is an International Oil & Gas company who is looking to secure a Business Process Specialist for their London office.  This will be part of their Corporate Reserves and Resources team. The Role: To contribute to the Form 20-F Disclosures process and the E&P Resource Management process ...

Alexander Chalke - Simpson Booth


London   England   GB Permanent   Strong base plus full company benefits


Posted 5 months agoJob > Hydrocarbon AccountingReservesBusiness Process +1

Industry Leading Reserves Management Software Company Releases New ‘Out of the Box’ Version of Their Application

aclaro softworks inc. to exhibit new software at NAPE Summit February 16 to 17, 2017 FOR IMMEDIATE RELEASE February 13, 2017 Houston, U.S. & Calgary, Canada – aclaro softworks inc. is excited to announce the release of a pre-configured version of their industry leading petroLook Reserves platfor ...

aclaro softworks inc. - aclaro softworks inc.


Posted 5 months agoPress > ReservesReserves ManagementNAPE Summit

The importance of using industry-specific software for reserves management

By Craig Burden & Doug MacDonald, aclaro softworks inc. Reserves management is a key part of oil and gas company operations. What used to be an annual or semi-annual process is now performed several times throughout the year, in order to give the clearest picture of a company's reserves. And yet, t ...

aclaro softworks inc. - aclaro softworks inc.


Posted 6 months agoOpinion > ReservesReserves ManagementReserves Audits