A SYSTEMATIC APPROACH TO RESERVES AUDITING, TRACKING

Peter Cockroft Pertamina-Canada Northwest Energy (South Sumatra) Ltd. Jakarta Joseph R. de Kehoe GeoMark Research Inc. Houston A major source of confusion in the oil and gas industry is the different perceptions of reserves, not only within a company-an explorationist's estimate is usually quite different from an engineer's-but also at different stages of development of the hydrocarbon resource. This commonly bemuses managers and outsiders, particularly bankers, who are accustomed to

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