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What is Petroleum Resources Management Overview about?

The document discusses petroleum resource management systems. It provides an overview of the Petroleum Resources Management System (PRMS) which establishes standards for classifying and evaluating oil and gas reserves and resources. PRMS provides a framework for categorizing projects along a continuum of increasing chance of commerciality, from initial volumes-in-place through reserves and contingent resources to unrecoverable amounts. It aims to improve reliability and transparency around reported reserve

Author

NicatHashimli

Language

EN