Slide 2 The United Nations Framework Classification Fundamentals
explained Slide 3 Why UNFC? Effective management of resources
requires accurate assessment of the supply base of fossil energy
and minerals Recoverable resources must be described in a manner
consistent with scientific, social and economic information and
which need to be consistent with the information describing the
projects to recover these resources A number of standards have
evolved over time in response to professional needs and local
requirements There has been a natural development towards a common
global standard The United Nations Framework Classification for
Fossil Energy and Mineral Reserves and Resources was adopted in
2009 Slide 4 F E G Geological knowledge Project feasibility
Socio-economic viability The UNFC system consists of three axes
UNFC: United Nations Framework Classification for Fossil Energy and
Mineral Resources Slide 5 F4F4 E1E1 E2E2 E3E3 F1F1 F3F3 F2F2 G2G2
G1G1 G3G3 G4G4 Geological knowledge Project feasibility
Socio-economic viability In an early stage of exploration the
geological knowledge is limited, the project feasibility and
socio-economic viability are uncertain G4: limited geological
knowledge F3: project feasibility uncertain E3: Socio- economic
viability uncertain Status: E3-F3-G4 or 334 Slide 6 F4F4 E1E1 E2E2
E3E3 F1F1 F3F3 F2F2 G2G2 G1G1 G3G3 G4G4 Geological knowledge
Project feasibility Socio-economic viability Geological knowledge
has increased, development of project has become more feasible and
economically more viable F2: development is feasible G2: Geology is
better understood E2: development seems economically viable Project
has moved from 334 to 222 Slide 7 F4F4 E1E1 E2E2 E3E3 F1F1 F3F3
F2F2 G2G2 G1G1 G3G3 G4G4 Geological knowledge Project feasibility
Socio-economic viability Project has been developed, is
economically viable and is producing F1: project developed and
producing E1: producing Project has moved from 222 to 112 next
Slide 8 The full version of the UNFC system with most-used
categories Slide 9 These columns categorize the project This column
describes the type of project This column describes the potential
recovery A simplified 2D model is available to classify most common
categories Slide 10 Exploration projects: category 3 3 4 Slide 11
Potentially Commercial projects: category 2 2 2 Slide 12 Commercial
projects: category 1 1 1 Slide 13 Other resources classification
systems CRIRSCO and PRMS Petroleum Resources Management System
(PRMS) Defined in 2007 by: Society of Petroleum Engineers (SPE)
American Association of Petroleum Geologists (AAPG) World Petroleum
Council (WPC) Society of Petroleum Evaluation Engineers (SPEE)
Society of Exploration Geophysicists (SEG) Committee for Mineral
Reserves International Reporting Standards (CRIRSCO): established
in 2006, partly based on the McKelvey system and Joint Ore Reserves
Committee (JORC) code. Slide 14 Other resources classification
systems CRIRSCO and PRMS Classification systems like CRIRSCO and
PRMS are used for specific industries like mineral extraction or
petroleum production. Other classifications include local system in
use in countries like Norway, Russia and China, amongst others.
They have evolved over time in response to professional needs and
local requirements. The UNFC is a classification system applicable
to different industries. By covering all extractive activities,
UNFC captures the common principles and provides a tool for
consistent reporting for these activities, regardless of the
commodity. Mapping between the various classification systems and
UNFC provide a common understanding of resources between local and
global resources classification. Slide 15 Thank you for using UNFC
UNFC: United Nations Framework Classification for Fossil Energy and
Mineral Resources Please visit
http://unece.org/energy/se/reserves.html
