Download Resources about the Treatment of Abandonment Costs
Download a Proposal for Holdback
Decommissioning our oil fields is an essential and mandatory part of the life cycle, but not everyone recognizes its significance to reserves and economics. Professional guidelines and standards for reserve reports offer the most sensible place to begin figuring out how to treat the topic.
In a recent webinar, our team explored the current industry standards and guidance around decommissioning costs in reserves and economics reports. We have synthesized numerous documents and included the source materials cited (as available), including:
guidance from the Society of Petroleum Engineers and the Society of Petroleum Evaluation Engineers,
guidance from the Securities and Exchange Commission and the Canadian Securities Administrators, and
the first principles of professional ethics.
Fill out the form on this page to download your free copy of our resources used during the webinar.
