On November 19, 2020, the Institute of Energy Research of Peking University, U.S.-China Energy Cooperation Program (ECP), the American National Standards Institute (ANSI), the American Petroleum Institute (API) and the U.S. Trade and Development Agency (USTDA), successfully held the "Standards on Oil and Gas Reserves and Resources Seminar" at Peking University. The seminar was held as in-person onsite plus online webinar, and received strong support from Ministry of Natural Resources of the People's Republic of China, the National Energy Administration (NEA), China Geological Survey, DOE China Office, and Embassy of the United States of America. More than 60 experts from the host departments, Sinopec, CNPC, ConocoPhillips, Baker Hughes, SGE, Shaanxi Yanchang Petroleum, Beijing Energy Group, Beijing Gas Group, Guangzhou Institute of Energy Conversion,Chinese Academy of Sciences, Lee Keeling and Associates Inc, China University of Petroleum, China University of Geosciences, University of Science and Technology of China, etc. attended the seminar and conducted a lively discussion.
The seminar was moderated by Yang Lei, vice president of the Institute of Energy Research of Peking University, and Xu Fang, China chief representative of ANSI. Academician Jin Zhijun, president of the Institute of Energy Research of Peking University, delivered an opening speech. Seven experts from China and the U.S. gave reports on the latest development in the field of international and domestic oil and gas reserves and standards, and discussed the potential and trends of future international cooperation in energy standards.
At the seminar, the US experts gave a clear overview of the key definitions and concepts in the “Petroleum Resources Management System” (PRMS), and compared them in detail with the rules of the “United States Securities and Exchange Commission” (SEC). They introduced the development history of some standards of the American Petroleum Institute, and the international impact of these standards on the upstream, midstream and downstream of the industry, and reviewed the development process of these standards. They also introduced in detail the key points of the standard assessment of US unconventional oil and gas reserves.
The Chinese experts introduced the background, purpose and key points of the new revision of China's oil and gas reserve classification standards, summarized the main changes in technology after the revision, and focused on sorting and interpreting the standards. They compared and analyzed the similarities and differences between Chinese and Western standard systems of oil and gas reserves from a Chinese perspective and put forward some opinions.
The organizers hope to build a communication and cooperation platform for experts in the field of international technology and standards in the energy sector through this seminar, continue to support the internationalization of domestic oil and gas industry standards, improve the standardization in China, and enhance the capacity building and reserve of international standardization talents in China. Experts from both China and the United States at the seminar jointly indicated that they will continue to carry out further exchanges and cooperation in the field of international standards for oil and gas reserves.
Under the current situation, it is of great positive significance to actively explore opportunities for energy cooperation and exchanges between China and the U.S..
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