GKZ and SPE have entered into a Memorandum of Understanding

Tuesday, 24 November 2009 Read 5101 times
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SPE and GKZ Agree to Map Russian Reserves and Resources Classification to SPE’s Petroleum Resources Management System

SPE and GKZ Agree to Map Russian Reserves and Resources Classification to SPE’s Petroleum Resources Management System

RICHARDSON, Texas (November 2009) --  The Society of Petroleum Engineers (SPE) and the FGU State Commission on Mineral Reserves of Russia (GKZ)  have entered into a Memorandum of Understanding to cooperate on programs to enhance the global understanding of petroleum reserves and resources.

Under this agreement, GKZ and SPE will form a joint work group to map the Russian reserves classification system to the SPE Petroleum Resources Management System during the 2010-2011 timeframe. Neither system is expected to be changed as a direct result of the MOU, and any changes will be made at the sole discretion of the relevant organization. The alignment of the two classification and categorization systems will help to ensure greater consistency of petroleum reserves and resource estimates. 

The two organizations also will work together to develop a workshop to be held in Moscow in 2010 on reserves estimation and classification to enhance the understanding of the technical issues related to reserves and resource assessments.

“We believe that this is an important step in developing a global understanding of international classification and categorization systems with the active participation of Russia,” said Behrooz Fattahi, 2010 SPE president. “SPE looks forward to working with GKZ on this important effort.” 

“GKZ provides conditions for the rational and fullest use of the petroleum resources in Russia. We are pleased to establish cooperation between the SPE Oil and Gas Reserves Committee and GKZ to facilitate the alignment of reserves evaluation systems,” said Yuri Podturkin, general director of GKZ.

A new Petroleum Resources Management System was approved by SPE’s Board of Directors in March 2007, culminating two years of intense collaboration by SPE, the World Petroleum Council, the American Association of Petroleum Geologists, and the Society of Petroleum Evaluation Engineers, including wide industry comment. SPE seeks collaboration with other standards in use around the world.

Society of Petroleum Engineers
Margaret Watson
+1.972.952.9304 or This email address is being protected from spambots. You need JavaScript enabled to view it.

FGU “GKZ”
Grigory Malukhin, Head of methodology department
+7 499 238 8786 or This email address is being protected from spambots. You need JavaScript enabled to view it.


About SPE
The Society of Petroleum Engineers (SPE) is a not-for-profit professional association whose members are engaged in energy resources development and production. SPE serves 88,000-plus members in 118 countries worldwide. SPE is a key resource for technical knowledge related to the oil and gas exploration and production industry and provides services through its publications, conferences, workshops, forums and website
www.spe.org.

About State Reserves Commission
Federal State Authority State Reserves Commission of RF is the state authority carrying out the review of reserves and geological, economic and ecological information on the subsoil blocks provided. The main objective is the provision of efficient and integrated use of natural resources and reliable state resources recording. Decisions made by State Reserves Commission of RF are based on knowledge and expertise of highly qualified professionals acting as per objective and independent criteria (
www.gkz-rf.ru).

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