Tag: Reserve evaluation

  • Oil and Gas Reserves Evaluation in Simple Terms

    Oil and Gas Reserves Evaluation in Simple Terms

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    by

    فرهاد فرامرزپور
    in

    ⭕️ Why is reserves evaluation important in the first place?Reserves evaluation is the heart of decision-making in the oil and gas industry. Nearly all key decisions—field development, investment, financing, reporting to regulatory authorities, and even asset insurance—are ultimately built around one simple question:How much oil or gas can we ultimately produce economically?Contrary to common perception,…