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Natural resources and geothermal energy in the Netherlands

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Natural resources and geothermal energy in the Netherlands ( natural-resources-and-geothermal-energy-the-netherlands )

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Gas field-oil field: a natural, isolated accumulation of gas and-or oil in a subsurface reservoir consisting of a porous rock that is capped or enclosed by an impermeable rock. In this review, the terms reservoir, field and accumulation are used as synonyms. Resource categories and definitions: In the following definitions, natural gas and oil are referred to collectively as hydrocarbons. 1 Gas-Oil Initially in Place (GIIP) the total volume of hydrocarbons in a reservoir that is initially (originally) present in a reservoir. This volume is calculated on the basis of the mean values of the parameters used in the calculations. 2 Expected Initial Reserves the total volume of hydrocarbons in a reservoir that is estimated to be ultimately, commercially recoverable. This volume is calculated on the basis of the mean values of the parameters used in the calculations. 3 Proven Initial Reserves the volume of hydrocarbons in a reservoir that is estimated to be ultimately, commercially recoverable. with an expectation-curve probability of 90%. 4 Remaining Expected Reserves that part of the expected initial reserves remaining after subtraction of the cumulative production, i.e. the total volume of hydrocarbons produced from the reservoir concerned by the end of the year under review. This volume is calculated on the basis of the mean values of the parameters used in the calculations. 5 Remaining Proven Reserves the volume - based on the 90% expectation-curve value - of hydrocarbons that can still be extracted from a reservoir. This volume is calculated by subtracting the cumulative production from the Proven Initial Reserves. 6 Proven Contingent Resources the volume of hydrocarbons in a reservoir with an expectation-curve probability of 90% that is estimated to be potentially recoverable, but are not currently considered commercially recoverable due to one or more contingencies. 7 Expected Contingent Resources the volume of hydrocarbons in a reservoir that is estimated to be potentially recoverable, but are not currently considered commercially recoverable due to one or more contingencies. This volume is calculated on the basis of the mean values of the parameters used in the calculations. 8 Future reserves Future reserves are the volume of hydrocarbons that have not yet been drilled by a well, but which have a certain possibility of success to contribute to the reserves in future times. The following datasets and definitions have been used to estimate the future reserves. 125 Annex 20

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