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Subject: Comments to Draft Specifications for Application of UNFC-2009: from Ivan Sandrea, Advisor to the President and CEO, Petra Energia

11 December 2012

Comments to Document EGRC/2012/INF.1/PC

P 13, definition of exploration project seems too vague. I think a more technical term is needed, perhaps “a project that remains in study phase and has not seen testing”.

In general, I am constantly thinking how this is going to work with the new unconventional deposits which are now a very large part of the pie but appears that we are still learning, that every company has its own classification system and is essentially a statistical play which only moves to proved when it is drilled. Their development also changes so fast with price that it is hard to keep up. I am wondering if this requires a special section!

Ivan Sandrea, Advisor to the President and CEO, Petra Energia


© United Nations Economic Commissions for Europe – 2013