Asked why the MoO decided to alter the loans to signature bonuses for the fields in the first bidding round except for Rumaila, Ameedi said: "When we set the recoverable
loans earlier (2009), oil prices were very low hovering around $38/barrel and Iraq was in dire need of cash.
Similarly, the worrisome factor is that gas reserves are depleting and if gas consumption grows annually even at moderate rates and the present recoverable
reserves will largely be exhausted by 2025.
Costs incurred in preparing to copy are generally not recoverable
The Chinese ministry said recoverable
shale gas resources totalled 15.
The new estimates are for technically recoverable
oil and gas resources, which are those quantities of oil and gas producible using currently available technology and industry practices, regardless of economic or accessibility considerations.
It calculated that the total world endowment of recoverable
oil is 3 trillion barrels.
Again, the IFRS standard is a one-step test in which the carrying amount of the CGU (to which the goodwill has been allocated) is compared to the CGU's recoverable
amount, and any excess carrying amount is written off against goodwill and then to the other assets of the CGU.
can be recorded whether or not a claim has been filed.
There are significant differences among the final and proposed standards for recoverable
due to acceleration are normally those costs associated with the increase in the cost of performance resulting from a compressed progress schedule.
It was reported on June 3, 2010 that continued development of the offshore Azeri-Chirag-Guneshli (ACG) complex of fields had increased recoverable
oil reserves by 250m tons.
With 100-120 offshore blocks to be offered, officials in this former Soviet republic are optimistic that Kazakhstan's recoverable
oil reserves including the onshore will exceed 100 bn barrels and gas reserves will be more than 5.