sR.12.10493 “ans. Appendix 1. Reporting Units } Reserve volumes are reported using specified units and conversion factors. Oil, Condensate, NGL and Natural Gas volumes are reported in the ARPR workbook in m? sales \ volumes at standard conditions (i.e. 15°C and 1 atm), except for those NGL volumes that require \ higher pressures to be liquid in which case the aciual pressure as sold should be used. Oil, Condensate and NGL: conversion from stock tank barrels 1 stb (60°F, 1 atm] = 0.159 m®[15°C, 1 atm] Natural Gas: conversion from standard cubic feet (for practical reasons, its recommended to use «single universal, rounded figure}: 1 scf (60°F, 1 atm] = 0.0283 sm? [15 °C, 1 atm] Unless indicated otherwise, gas volumes should be reported as Gas Production Available for Sale at standard conditions of temperature and pressure without any conversion for calorific content {i.e. ‘tel quell’ in NAM/Gasunie nomenclature: ‘as it is’) ‘Whatever conversion factor is chosen, it is important that the Reserves submission and the Finance (GARANCE} submission are both based on the same set of conversion factors. Close coordination between the two submissions is essential. Although not required for Shell Petroleum Resource Volume reporting, expression of gas volumes at normal conditions (i.e. at O°C and 1 atm) is frequéatly encountered in the industry. The conversion from sm* fo nm? is: 1 sm? [15 °C] = 0.948 nm? [0 °C} Oil Equivalence The need fo express gas volumes on an oil-equivalent basis arises for several reasons (e.g. for determining Reserves replacement ratios, external reporting). In all cases itis important that a fit: for-purpose approach is taken, given that the need for the conversion is generally one of convenience i.e. comparison of assets with different mixes of liquid and gas product) and that, in ‘many cases, an approximation to true oil-equivalence will suffice. When describing Shells Resources, all ‘tel quell’ gas volumes should be converted using the stanclard by which 5800 standard cubic feet gas is deemed equivalent fo 1 barrel of oil. This conversion factor is precise for a GHV of 1000 Btu/scf, which broadly represents the average GHY of Shell's total gas reserves. Thus, atthe Shell EP level, the following conversion factors are applied: 1000 scf gas : = 0.1724 stb oil equivalent (boe) 1000 sm? gas = 6.0924 stb oil equivalent (boe) | K Cpesswe = ¥si /r4. 5038 (bar) Pressme (Kea) = Pressorel bar) x (00. | ie ear (ele Eta Szots Bemx Wz PT eye = Bem Cv