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Professionals of the State Commission of Ukraine on Mineral Resources joined the Society of Petroleum Engineers (SPE)

In order to strengthen international cooperation in the oil and gas industry the Chairman of State Commission of Ukraine on Mineral Resources Heorhii Rudko, Deputy Chairman Valentyn Hryhil and Chief of the Administration for Ore & Combustible Mineral Resources Vitalii Lovyniukov have joined the Society of Petroleum Engineers – an international non-profit organization serving members engaged in the exploration, development, production and mid-stream segments of the oil, gas, and related industries.

SPE is a professional organization, whose main purposes are to collect, disseminate, and exchange technical knowledge concerning the exploration, development and production of oil and gas resources, and related technologies for the public benefit. There are more than 168,000 members in 144 countries. 
The SPE Oil and Gas Reserves Committee (OGRC) released Guidelines for Application of the Petroleum Resources Management System (SPE-PRMS) with an aim to encourage transparency in the international oil and reserves reporting system. 

Nowadays, the standards harmonization for the Ukrainian Reserves Classification and international codes such as SPE-PRMS is a high priority task for Ukraine, which is on the way of its European integration. Therefore, the accession of State Commission of Ukraine on Mineral Resources to the Society of Petroleum Engineers can be considered an important step towards the implementation of international standards for reserves estimation in Ukraine in order to improve business and investment in the oil and gas industry of our country.