National Instrument 51-101 (NI 51-101) Reserves Reconciliation—Part 1

摘要

Because of the uncertainty in estimating oil and gas reserves, the exact quantity of hydrocarbons to be recovered will never be known until production reaches the economic limit and the reservoir is abandoned. It is, however, necessary from time to time to estimate the reserves to be recovered throughout the producing life of a field, and to verify that the reserves are properly estimated and classified according to the definitions and guidelines specified in the Canadian Oil and Gas Evaluation Handbook, "COGEH." The testing procedure that is used is referred to as a "Reserves Reconciliation" and should be performed at least annually or more often if there are material changes to reserves estimates.