Title: Impact of Low or Volatile Oil Prices on Reserves and Resources Estimates
Date: Tuesday, April 14, 2020
Time: 02:30 PM Malaysia Time
Duration: 1 hour
Oil price and cost estimates are important inputs into reserves and resources assessments. How do changes to oil price impact reserves assessments? The impact will depend on various factors such that a fall in oil price may increase, decrease or have no impact on reserves. Oil prices and forecasts are used differently within common classification systems such as PRMS and SEC.
This webcast will outline how changes in oil price impact reserves in theory and with practical industry examples.