Norway's Stock Exchange Introduces New Oil Reserves Guidelines

The Oslo Bors is presenting its new "Guidelines for the disclosure of hydrocarbon reserves, contingent resources and results from exploration activities".

The Oslo Bors has, in recent years, observed a need for a framework for the reporting of oil and gas reserves from the oil and gas companies. To this end, during 2006 guidelines were drawn up in cooperation with key parties in the oil and gas industry.

The new guidelines (circular 2/2007) will contribute to a more standardized reporting, and increased accessibility of reserves data.

The Guidelines do not establish any new classification system/definitions, but prescribe the use of recognized classification systems already in use in the industry (from Society of Petroleum Engineers, Norwegian Petroleum Directorate etc).

The Companies will annually file this information (normally with focus on proven plus probable reserves) to Oslo Bors.

The guidelines are available on the Oslo Bors' website.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours