A new classification of hydrocarbon reserves begins to operate in the Russian Federation

A new classification of hydrocarbon reserves begins to operate in the Russian Federation


The document differs from the previous one by the fact that inventories are recorded only at the moment when the subsoil user thereon approve the project document. These measures will allow to reduce terms of preparation of Deposit for exploitation.

MOSCOW, 1 Jan. The new classification of reserves and resources of hydrocarbon raw materials, which is designed to more clearly delineate economically profitable and unprofitable field, begins to operate in the Russian Federation from 1 January 2016.

The previous classification was in force from 2001 and was developed on the basis of classification of reserves and resources adopted in the USSR in the early eighties. The Russian system differs significantly from international standards SPE-PRMS and the SEC and is based solely on the analysis of geological attributes, not considering the economic factors of mining.

Closer to the real production

A new classification different from the previous one, because the stocks on it are taken into account only at the moment when the subsoil user thereon approve the project document, said in late November the Minister of natural resources and ecology Sergey Donskoy. This will reduce the time of preparation of fields for operation.

The second important feature of the classification is the accounting of economic efficiency of deposits in the calculation of reserves. Companies are granted the right to calculate cost-effective recoverable reserves for cost-effective development time and is not taken into account in the project document cost-ineffective measures, said the Minister.

At the moment in Russia is not developed about 45% of discovered fields because of the lack of economic efficiency: there is no technology, infrastructure, economic incentives, said don. In the end, it generates a misleading picture of how much hydrocarbons can be produced. Thus, the difference data on oil production reflected in the project documents, and the actual production since 2005 reached 140 million tons.

Six years on, the transition

With the adoption of the new classification of reserves it is expected that after 2020 the state will obtain more reliable state balance of reserves of hydrocarbon raw materials, which can be used for the formation of effective state policy in the sphere of subsoil use and taxation for the reproduction of mineral resources base and stimulate the production of hydrocarbons.

The transition to the new classification of reserves oil and gas companies in Russia will be implemented within six years: it is planned that in this period the company must provide information about the profitable stocks in their fields. In this field, which will be provided to companies for use in the future, from 1 January will be assessed under the new classification. At the same time, the MEP does not expect a serious reduction of hydrocarbon reserves in the Russian Federation in connection with the new inventory system.