Canadian oil and gas evaluation handbook consolidated 3rd edition online 242 p a g e all assets with reserves previously assigned opening balances should only have change records associated with production, economic factors and technical revisions. Canadian oil and gas evaluation handbook how is canadian. It is intended primarily for the reporting of resources information in canada but may have application to other jurisdictions as a general guideline for resource. How is canadian oil and gas evaluation handbook abbreviated. Print course page pdf email course page discipline. Africa oil releases its yearend 2019 statement of reserves. He has been a past member of the spe oil and gas reserves committee and currently serves on the spee reserves definition committee. An overview of oil and gas evaluation, classification and. Coge handbook means the canadian oil and gas evaluation handbook.
The handbook showcases a collection of commerciallydemonstrated products and practices available for the canadian oil and gas industry. An oil and gas lease is considered to be a form of intangible personal property, and thus can generally be pledged for security. Historically, we know the tales of eternal fires where oil and gas seeps ignited and burned. H30702 economic evaluation of oil and gas properties. Subscribe for one year online viewing of the canadian oil and gas evaluation handbook pdf. The sales of the canadian oil and gas evaluation handbook cogeh is now being administered by sproule. Crains petrophysical handbook publications by ross crain. Evaluation and development is a musthave, helpful handbook that brings a wealth of information to engineers and geoscientists. General rules for booking reserves are found in the canadian oil and gas evaluation handbook. Cogeh individual subscription society of petroleum. Price forecast archives deloitte canada resource and.
Reserves definitions and evaluation practices and procedures. Volume 2 detailed guidelines for estimation and classification of oil and gas resources and reserves. See all formats and editions hide other formats and editions. The resource definitions and course reservations will focus on the specific methodologies used in the prms, but they will also compare the classification system and definitions with those used in the securities and exchange commission sec, the canadian oil and gas evaluation handbook cogeh, and other regulatory bodies. Canadian oil and gas evaluation handbook consolidated 3rd edition online 244 p a g e d. Rrreeesssererervvvoir engoir engoir engininineeeering for. Bridging between subsurface and production, the handbook provides engineers and geoscientists with effective methodology to better define resources and reservoirs. Canadian oil and gas evaluation handbook first edition september 2007 volume 3 detailed guidelines for estimation and classification of coal bed methane cbm reserves and resources reserves recognition for international properties c 263724 detailed guidelines for estimation and classification of bitumen and steam assisted gravity drainage sagd.
Definition recoverable reserves are defined as the proportion of resources, here oil and gas, that can be technically, economically and legally possible to extract. Ipt, in accordance with the standards contained in the canadian oil and gas evaluation handbook and with the canadian national instrument 51101. Consideration is also given to global supply and demand as well as the economic outlook of world markets. Royalty regime, incentive programs, royalty allowances 1, 2, 3, 7, 12. For oil and gas activities application of canadian oil and gas evaluation handbook national instrument 51101 standards of disclosure for oil and gas activities mandates adherence to the canadian oil and gas evaluation handbook the coge handbook in respect of matters such as reserve and resource classification and terminology and. This information is collected from several sources, including industry publications, exchange markets, and government agencies. An overview of the canadian oil and gas evaluation handbook. Home sproule energy oil, gas, petroleum consulting. Oil has been used for lighting purposes for many thousands of years. Canadian regulations society of petroleum evaluation engineers. Certain terms used in this statement but not defined herein are defined in ni 51101 or the canadian oil and gas evaluation handbook maintained by the society of petroleum evaluation engineers calgary chapter the coge handbook and, unless the context requires otherwise, shall have the same meanings in this statement as in ni 51. The coge handbook has been prepared by the calgary chapter of the society of petroleum evaluation engineers spee calgary.
Glj evaluated the companys horizon synthetic crude oil reserves. H30702 economic evaluation of oil and gas properties handbook table of contents page chapter i. Piip, petroleum society of the canadian institute of mining, possible reserves, probable reserves. Alberta apega and prepared in accordance with the canadian oil and gas evaluation handbook cogeh or petroleum resources management system prms. Finding the silver lining north american natural gas download. Volume 1 reserves definitions and evaluation practices and procedures. Csa staff notice 527 revised guidance on oil and gas. Canadian oil and gas evaluation handbook glj petroleum. Coge is defined as canadian oil and gas evaluation handbook frequently. The canadian upstream oil and gas ecoefficiency and operations handbook was developed to meet this need. This document was revised in october 15, 2019 and contains.
The canadian oil and gas evaluaon coge handbook is the technical standard for the professional pracce of evaluang and classifying oil. Clearly defined project evaluation boundary on an appropriately scaled map of alberta in pdf format, which also identifies the project area lands and emerging. Acknowledgements the handbook was prepared by a team under the leadership and editing of marc godin and. Download a pdf version of the canadian oil and gas evaluation handbook pdf. Oil and gas regulatory framework guidance canadian oil and gas evaluation handbook coge handbook technical standard for ni 51. Posts tagged canadian oil and gas evaluation handbook cogeh. Canadian oil and gas evaluation handbook society of petroleum. Ni 51101 requires oil and gas disclosure to be prepared in accordance with the canadian oil and gas evaluation handbook coge handbook. Canadian oil and gas evaluation handbook, second edition, volume i, section 5, sep.
International crude oil, bitumen, natural gas and ngl reserves. All crude oil and natural gas reserve and resource information contained in this document has been prepared and presented in accordance with national instrument 51101 standards of disclosure for oil and gas activities and the canadian oil and gas evaluation handbook. Coge stands for canadian oil and gas evaluation handbook. The office of the comptroller of the currencys occ comptrollers handbook booklet, oil and gas exploration and production lending, is prepared for use by occ examiners in connection with their examination and supervision of national banks, federal savings associations, and federal branches and agencies of foreign banking organizations collectively, banks. The reserves disclosure is presented in accordance with ni 51101 requirements. Deloittes oil and gas price forecast takes into account many factors, including futures market trading and historical data. Resource evaluation report parowan prospect in iron county. Change records for discoveries, extensions, infill drilling, improved recovery, and. The canadian oil and gas evaluation handbook, volume 2 was prepared by the calgary chapter. Log evaluation results in the deep basin area of alberta e. National instrument 51101 bc securities commission. The society of petroleum evaluation engineers calgary chapter and canadian institute. The first edition of volume 1 of the canadian oil and gas evaluation handbook cogeh was published in 2002 by the calgary chapter of the society of petroleum evaluation engineers spee to act as a standard for the evaluation of oil and gas properties. Unconventional oil and gas resources handbook evaluation and development edited by y.
In areas where oil is found in shallow reservoirs, seeps of crude oil or gas may naturally develop, and some oil could simply be collected from seepage or tar ponds. All oil and natural gas reserve information contained in this annual information form is derived from the glj report and has been prepared and presented in accordance with the canadian oil and gas evaluation handbook cogeh and national instrument 51101 standards of disclosure for oil and gas activities. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. To order any of the cogeh volumes, please visit the spee website the second edition of volume 1. The canadian oil and gas evaluation handbook cogeh. The online version of handbook of offshore oil and gas operations on pdf 252 k chapter 1 occurrence and formation of crude oil and natural gas. The canadian oil and gas evaluation handbook cogeh, first published in 2002, is recognised as the standard for evaluation practice in canadian securities. The evalua on of oil and gas reserves and resources for public disclosure prac ce.
Evaluation of oil and gas reserves and resources for. Canadian oil and gas evaluation handbook first edition. The definitions and standards for reserve appraisals and evaluations are defined in the canadian oil and gas evaluation handbook cogeh. Sproule is a global energy consulting firm providing technical and commercial services for reserves certification, reservoir characterization, strategic advisory, and asset management. Reserves definitions and evaluation practices and procedures published september 2007 includes a discussion of evaluator qualifications. Consists of three volumes that provide a set of standards and guidelines for the preparation of oil and gas resource evaluations. Changes due to different operating and capital cost assumptions. The canadian securities administrators csa, through national instrument 51101 ni 51101, sets the standards for disclosure of oil and gas activities for companies listed on canadian stock exchanges. The canadian oil and gas evalua on coge handbook is the technical standard for the professional prac ce of evalua ng and classifying oil and gas reserves and resources in alberta. The evaluation process definitions and guidelines reporting. August 2018 the newly updated canadian oil and gas evaluations handbook cogeh is now available online. Reserves definitions and evaluation practices and procedures published september 2007 includes a discussion of evaluator qualifications, business. Reserves revisions resulting from changes in operating and capital cost estimates should be included in the technical revision category. Oil and natural gas reserves can be booked for accounting purposes.
Journal canadian petroleum technology, february 1982 reprinted canadian well logging society journal, dec 1982 reprinted in cwls insite, sept 2003 jcpt 1982 cwls 1982 reprint cwls 2003 reprint. Advantagewons common shares are listed on the otc markets in the united states and on the canadian securities exchange cse in canada. This document was revised on october 15, 2019 and contains. Coge handbook pdf download society of petroleum evaluation. Advantagewon is focused on building consistent cash flow from low cost, low risk oil wells. Price forecast archives download our price and market demand forecasts from years past.
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