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SPE Petroleum Resources Management System …

1 SPE Petroleum Resources Management System Guide for Non-Technical Users _____ This guide is to help non-technical users understand how the Petroleum industry assesses and quantifies the major driver of value for exploration and production companies oil and natural gas reserves and Resources . Clear terms and definitions that result in reliable and easily comparable reserves estimations are essential for investors, regulators, governments and consumers not only in assessing a Petroleum company s current and future value, but in determining the outlook for the world s energy supply.

1 SPE Petroleum Resources Management System Guide for Non-Technical Users _____ This guide is to help non-technical users understand how the petroleum industry assesses and quantifies

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