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Classification of World Petroleum Resources by Use of the United Nations Framework Classification
- Publisher: European Association of Geoscientists & Engineers
- Source: Conference Proceedings, 65th EAGE Conference & Exhibition, Jun 2003, cp-6-00086
Abstract
D-50 CLASSIFICATION OF WORLD PETROLEUM RESOURCES BY USE OF THE UNITED NATIONS FRAMEWORK CLASSIFICATION Introduction There is no universal mineral resources classification system. This hampers information flow and makes world wide compilations and analyses more complicated. The United Nations Framework Classification (UNFC) for Mineral Reserves and Resources was confirmed by United Nations Economic and Social Commission (ECOSOC) in 1997. Its principal function is to allow national terms to be maintained and at the same time make them comparable. Reserves and resources are classified along three independent axes: 1. The economic axis reflecting the economics of producing the commodity 2. The