UNFC

UNFCUnited Nations Framework Classificationfor Fossil Energy and Mineral Reserves and Resources

Why do we need Resource Classifications?

http://unece.org/energy/se/reserves.htmlDRAFT

all our activities in the modern world need energy and minerals

Since Man discovered fire and tool-making

http://unece.org/energy/se/reserves.htmlUNFCBut how to classify resources with so many different definitions?

BarrelsTonsWattCubic Meterkilowatt-hoursJoule$/kWhGradeProspectiveExploredUnder DevelopmentProducingAbandonedExtractive industryOil&GasNuclearRenewables

http://unece.org/energy/se/reserves.htmlUNFCNeed for resources classificationIn the modern world we continuously need:to invest in new projects to extract minerals and energy sources in an efficient wayto secure supply for growing demand and for the long-termto explore for new technology to curb greenhouse gases and other environmental dangersbut what is the most efficient and cost effective way?how to compare investment in renewables with other energy sources?can we provide rare earth minerals for growing demand in new electronic devices for the long term?

To compare different sources of energy and minerals we need unified classification schemes

http://unece.org/energy/se/reserves.htmlUNFCBasics of a classification systemTo prove that production of minerals or energy resources is feasible three criteria need to be fulfilled:Geologically well defined with high confidenceTechnically feasible to extractEconomic (commercially) feasible

The United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources, commonly called UNFC, is based on these three criteria

http://unece.org/energy/se/reserves.htmlUNFCUNFC FundamentalsFEGGeological knowledgeProject feasibilitySocio-economic viability

http://unece.org/energy/se/reserves.htmlUNFCDifferent levels of feasibilityF4E1E2E3F1F3F2G2G1G3G4Geological knowledgeProject feasibilitySocio-economic viability111112113121122124123134133132131314211214213221224222223231234233232212 344343342341333332331324323322321311312313314114334

http://unece.org/energy/se/reserves.htmlUNFCProjects moving from one level to the nextF4E1E2E3F1F3F2G2G1G3G4Geological knowledgeProject feasibilitySocio-economic viability111112113121122124123134133132131314211214213221224222223231234233232212 344343342341333332331324323322321311312313314114334Project in early exploration stage343

http://unece.org/energy/se/reserves.htmlUNFCProjects moving from one level to the nextF4E1E2E3F1F3F2G2G1G3G4Geological knowledgeProject feasibilitySocio-economic viability111112113121122124123134133132131314211214213221224222223231234233232212 344343342341333332331324323322321311312313314114334Project under development343

http://unece.org/energy/se/reserves.htmlUNFCProjects moving from one level to the nextF4E1E2E3F1F3F2G2G1G3G4Geological knowledgeProject feasibilitySocio-economic viability111112113121122124123134133132131314211214213221224222223231234233232212 344343342341333332331324323322321311312313314114334Resources produced343

http://unece.org/energy/se/reserves.htmlUNFCBut why UNFC?

CRISCOMineral ResourcesPRMSPetroleum Resources Management System

Local Classification SystemsUNFC

http://unece.org/energy/se/reserves.htmlUNFCUNFC AdvantagesIndependent from the type of resource UNFC provides:A simple system, intuitive to apply in full formEnhanced granularity compared to other systemsCan either be applied directly or as a harmonizing toolNumerical and language independent coding systemEver-increasing overlap between minerals and petroleum sectors makes a common system essentialHarmonized terminology offers key to obtaining a more reliable and consistent estimate of global energy reserves and mineral resources.

http://unece.org/energy/se/reserves.htmlUNFCFurther InformationPlease visit the United Nations website for more information:http://unece.org/energy/se/reserves.html

http://unece.org/energy/se/reserves.htmlUNFC