RPS in Canada
Reserves Evaluation
RPS utilizes reserve definitions consistent with a range of classification systems, including the SPE/WPC/AAPG Petroleum Resource Management System (PRMS); the US Securities and Exchange Commission (SEC); and the Petroleum Society of CIM definition of reserves as adopted in the Canadian Oil & Gas Evaluation Handbook (COGEH). The process and format of reserve reporting conforms to Canada’s National Instrument 51-101.
Typical examples of RPS reserve evaluations include:
Independent evaluation and NI51-101 report of gas reserves for an onshore tight gas field (New Brunswick, Canada) in its early stages of development.
Independent evaluation of heavy oil reserves from a large, multi-sand reservoir, utilizing Cold Heavy Oil Production with Sand ("CHOPS") technology, including NI51-101 report.
Independent technical reserves evaluations for a minority partner in one of East Coast Canada’s largest offshore fields. Including ongoing audit of field development plans and costs; evaluation of project net worth; and advice on timing of potential divestiture.
