Middle East Economic Survey

VOL. XLIX

No 7

13-February-2006

SUPPLY/DEMAND

US Reserves Reporting Should Switch To SPE Standards, Concludes CERA Study

The best way to modernize the US 28-year-old Securities and Exchange Commission rules under which companies report oil and gas reserves data is by adopting the definitions and guidelines developed by the Society of Petroleum Engineers (SPE), a year-long study and consultation by Cambridge Energy Research Associates (CERA) found. CERA said that the SEC...