2p 2c reserves

76 of the portfolio based on 2P reserves as of 31st December 2020 2. Reflected a more than doubling of our 2P plus 2C oil Reserves and Resources and a 6 lift in our 2P plus 2C gas Reserves and Resources.

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2 Kutubu and Moran oil fields proved Reserves 1P and proved and probable 2P Reserves are as certified by independent auditor Netherland Sewell Associates Inc.

. Based on data from OPEC at the beginning of 2013 the highest proven oil reserves including non-conventional oil deposits are in Venezuela 20 of global reserves Saudi Arabia 18 of global reserves Canada 13 of global reserves and Iran 9. Basin 2P Reserves 3P2C Reserves and Resources Prospective Resources Total Reserves and Resources Conventional Adavale 22 22 - 22 Bass 268 559 - 559 Cooper and Eromanga 1943 3949 - 3949 Denison 74 106- Gippsland 3937 6467 7910 14377 Otway 756 1085- Surat and Bowen 93 190- Sydney - 13992 Subtotal Conventional 7093 12377 21902 34279 CSG. 31 mmboe 2020 Production.

According to Liaw this shallow-water development will deliver a step-up to Hibiscus 2P reserves production volumes and revenue generating capacity by FY2024 if it goes ahead. Discovered Resources Associated Gas Field Status GIIP EUR Cum Prod 1P 2P CR Total Discovered Resources. It consists of the enterprise value EV divided by the proven and probable 2P.

Reserves 2P Reserves 57 63 Contingent resources 2C Producing fields 23 - Proposed new developments 19 14 Other discoveries 32 36 Prospective resources Central. 1 Numbers may not add due to rounding. Independent reserves evaluations as of 31 December 2018 have been performed by Sproule International Limited for the Companys existing producing field.

Proved Probable Reserves 2P 131. Gross 2P2C reserves of 220mmbbls relate to existing production and sanctioned developments according to the operator. Strike is operator of EP 469 in a.

Proved Reserves 90 Certainty of Commercial Extraction. Reserves R 1P 2P 3P Contingent Resources CR - IC2C 3C Undiscovered Resources In-place EUR Prospective Resources PR - 1U2U3U. The EV2P ratio is a ratio used to value oil and gas companies.

Prospective resources The final and riskiest category of resources used by oil gas firms is prospective. 2P and 2C Reserves and Resources are now at the highest level the Company has ever recorded. These are sometimes referred to.

In theory these will become 1P 2P and 3P when contingencies are removed. For an oil or gas deposit to be classified as reserves you first need to establish technical and commercial certainty of extraction using existing technology. The estimates of reserves can be categorised based on their probability of recovery.

Reserves Developed 2P Reserves 62 5 310 Bcf Undeveloped 2P Reserves 100 5 500 Bcf Total 2P Reserves 810 Bcf Resources Contingent 2C Resources 270 5 1350 Bcf 11 Importance of Contingent Resources. Dev Undev Total 1C 2C 1P1C 2P2C 3. Like reserves contingent resources are divided into three further categories denoting the likelihood of their recovery on a technical basis 1C 2C and 3C.

Contingent Resources 2C 76. 9 kboed Liquids reserves. Tethys Oil has net working interest 2P reserves of 269 mmbo and net working interest 2C Contingent Resources of 139 mmbo and had an average oil production of 11336 barrels per day from Blocks 34 during 2020.

Total 168 wells Unconventional Resources Lets say we get 5 Bcfwell in this township then. 89 mmboe 2020 Production. 43 2 Captain Interest.

Future payments on new developments within the block are contingent on sustained high oil prices 75bbl and first oil from long-term developments. 2p reserves means those quantities of petroleum which by analysis of geographical and engineering data can be estimated with reasonable certainty to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions operating methods and government regulations and 2p liquids reserves and 2p. These are reported as Proved the symbol 1P Proved-plus-Probable 2P and Proved-plus-Probable-plus-Possible 3P.

Once this has been established the degree of this certainty is then decided breaking reserves down into 3 distinct categories. The review increased the size of the combined 2P reserves and the 2C contingent resources of the field by 6 to 452 petajoules. 22 kboed Liquids reserves.

The Cooper Basin achieved 102 per cent three-year 2P reserves replacement and a 2C to 2P conversion rate of approximately 70. 1P and 2P PNG LNG project Reserves are based on Contingent Resources estimates prepared in 2019 by independent auditor NSAI. Block 27 - Exploration.

100 1 Platform FPSO FSU Terminal Operated fields Non-operated fields Source. 2c resources means those quantities of petroleum estimated as of a given date to be potentially recoverable from known accumulations by application of development projects but which are not currently considered to be commercially recoverable due to one or more contingencies and 2c liquids resources and 2c oil resources shall be. Following the completion of our entry into the Alaska North Slope in February 2018 we made our first booking of 2C.

UKCS 2P Reserves and production vs time 2012 - 2016 2P Reserves. The companys shares are listed on Nasdaq Stockholm TETY. In line with its efforts to aggregate 2C oil resources the company has applied for and been awarded the Kildrummy discovery which is in close proximity to the Marigold and Sunflower fields.

Reserves upgrades were also delivered in GLNGs Fairview Roma and Arcadia fields and GLNG achieved 184 per cent 2P reserves replacement in 2020.

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