Reserves are measured in volume and mass units; natural gas – in cubic meters, oil – in tons, gas condensate – in grams per cubic meter. Reserves reliability depends on the geological complexity of the structure, on the scope of geological exploration work performed and its degree of detail. Reserves are characterized by certain profitability of their extraction, processing and use, which depends on the field location, size, complexity of geological and production conditions and other natural, technical and economic conditions.
The first reserves classification in the former USSR was worked out in 1928 by the Geological Committee commission. In accordance with the confidence principle (exploration maturity) reserves were classified into 3 categories:
- A (prepared);
- B (explored);
- C (probable).
Glossary of Oil and Gas. 2013.
Look at other dictionaries:
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reserves — noun Plural reserve … Wiktionary
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