Deutsche asks SEC to clarify guidelines

The guidelines for estimating oil reserves set out by the US Securities andExchange Commission (SEC) are outmoded, and out of step with exploration technologyand industry reality, says Deutsche Bank. Hence the SEC creates “an unwarrantedexternal push on the oil companies to under-book reserves, and therefore over-amplifycosts”. JJ Traynor, managing director for global oil and gas research atthe bank, set out these views in a March letter to the regulator.

At the same time, oil giant Shell was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here