The prospects of implementation of UN Framework Classification of Resources while estimation of reserves and resources of hydrocarbons in Azerbaijan

Abstract

The paper reviews the prospects of implementation of modified framework classification of the reserves and resources of UN in the oil and gas fields of Azerbaijan Republic, providing more efficient management of energetic potential of the country. The main purpose of the work is the estimation of the possibility of transition from the classification of the reserves of fields, prospective and predictive resources of oil and fire gases existing in Azerbaijan from 1984 since the former Soviet Union to the globally admissible and applicable framework classification of UN. In this regard, a subject study has been carried out in the context of field “A” of Azerbaijan, which justified that the new framework classification considering ecologic, social and economic aspects of petroleum business as well provides a deeper comprehension and more precise evaluation of existing reserves/resources. This study is a basis for the development of associated document for simplified transition to the framework classification of UN in the future.