Summer Confab on Reserves Resources Set in Washington
A high-level Multidisciplinary Reserves Conference is being planned this summer in Washington, D.C., focused on critical matters of reserve estimates and reporting.
AAPG is co-sponsoring the event, in cooperation with the Society of Petroleum Engineers, the Society of Petroleum Evaluation Engineers, the World Petroleum Congress and the United Nations.
“Petroleum reserve and resource estimates are a critical part of the language used to communicate energy information to policy makers, regulators, the financial and investment community and the consuming public,” said AAPG GEO-DC Director Don Juckett, chief staff liaison for the conference. “This conference will serve as an important step in the process of developing global acceptance of a set of universal standards for reserve and resource reporting.”
The conference’s purpose, Juckett said, is to engage the users of reserves and resources data -- corporate management, accounting, banking, investors and government -- in active discussions with technical professionals who define and generate these estimates (petroleum engineers and geoscientists), with the goal of better understanding their nature, reliability, universality and use.
Juckett noted that participation in the conference, to be held June 24-26, is by invitation.