Tezislər / Theses

CLASSIFICATION (UNFC) TO PETROLEUM RESERVES
AND RESOURCES 
Fidan Gasimova 
Supervisor: Narmina Garayeva 
 Baku Higher Oil School, Baku, Azerbaijan 
 [e-mail] 
Keywords:
Classification/Evaluation; Sustainability; Petroleum; Renewables;
As the world's most abundant energy origin, petroleum is a critical 
component of global economic growth. In order to have an effective future 
planning, both governments and industry must have a comprehensible 
terminology for assessing available petroleum quantities for production and 
quantities which are expected to become accessible throughout the possible 
time interval within extra field development, technological advances, or 
during the exploration. It is crucial that the industry establish standard 
classification for analyzing the existing and future amount of petroleum 
projected as being retrieved from underground accretions that develop 
naturally in order to make such an assessment. As a rudimentary subject, 
reserve classification approves a joint language in order to undertake risk 
and uncertainty associated with petroleum projects. It is also a paramount 
essence complying development and usage project of national resources 
and supporting the resource management policy. The classification systems 
must encounter the assessment requirements and reserve and resource 
management in the country that applied to petroleum quantities and be 
essentially associated the rail with other foreign ranking and classification 
systems. At this thesis, a new and sustainable classification system, called 
United Nations Framework Classification System (UNFC) for evaluating 
existing oil 
& 
gas reserves and resources will be introduced in detail based 
on current actuality and future demands of resource assessment, reserve 
estimation and administration. This classification is a sole tool applied for the 
harmonization of policy agenda, oversight of government, industry business 
procedure, and effective capital investment, while closely aligned to the basic 
points on Sustainable Development Goals (SDGs). (UNECE 2021) In other 
words, this classification standard is aimed to ensure the essential provisions 
and guiding principles in order to improve the resource management and 
development, together with positive consequences for society, environment, 
local economies, and employment.
Looking in detail, United Nations Framework Classification (UNFC) is a 
globally acceptable and internationally corresponding language for 
classification/evaluation of energy and mineral reserves and/or resources, 
including 
oil and/or gas; renewable energy; nuclear energy; minerals; injection-

---