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The system-loss caps set by the ERC are within the same neighborhood as those provided under Senate Bill (SB) 1623, otherwise known as the Recoverable System Loss Act, which was approved by the Senate on third and final reading last month.
753 billion cubic metres, with recoverable C3 condensate reserves totalling 0.
BP and its partner CNPC, which won the TSA to develop Iraq's largest producing oilfield Rumaila, had already paid the MoO $500m as a recoverable soft loan.
The document reveals original recoverable reserves on June 30, 2013 were 1,102.
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.
If such processing steps are unnecessary, they are not recoverable.
Recoverable natural gas reserves have been officially estimated at 885 TCF, consisting mainly of North Field non-associated gas.
The 64-page report, No More Guessing: Hardcore IV estimates total remaining recoverable resource at 1.
1 tcm of technically recoverable shale gas reserve, significantly higher than US reserves of 24.
The increase in undiscovered, technically recoverable resource is due to new geologic information and engineering data, as technological developments in producing unconventional resources have been significant in the last decade.
Hubbert argued that oil production grows until half the recoverable resources in a field have been extracted, after which production falls off at the same rate at which it expanded.
For assets other than goodwill or indefinite-lived intangibles, an impairment charge is recognized whenever an asset's recoverable amount (the higher of its fair value less costs to sell, and its value in use) exceeds its carrying amount.
The annual statement will not include a separate line item for deferred taxes; rather, the annual statement balance sheet will show a current tax recoverable or current tax liability net of deferred taxes.
The Financial Accounting Standards board and members of a group of international standard setters, G4+1, published a special report to promote harmonization in the application of recoverable amount tests or impairment tests.
From a legal standpoint, those costs associated with acceleration are generally recoverable by a contractor from an owner upon a showing by the contractor that: (1) any delays giving rise to the order to accelerate are excusable, (2) the contractor was ordered to accelerate, either by direct order or constructively by refusal to grant a time extension and (3) the contractor in fact accelerated performance and incurred extra costs.
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