Summarise the criteria required for proved reserves.
Production and transport systems must be installed or have reasonable expectation they will be.
Reserves estimations must be supported by actual production or formation tests.
- Reserves estimations must be based on well log data or core analysis.
- Analogous reservoirs must be productive or potentially productive.
- Area and limits must be delineated by drilling and defined by fluid contacts.
If fluid contact data is unavailable lowest known HC show used.
Undeveloped locations will be developed in the future.
Undeveloped locations are directly offsetting wells indicative of commercial production
Undeveloped locations are within the proved productive limits