RAM/RSP meaning in oil and gas
Definition
RSP=Reserves Support Package
RAM/RSP means RSP=Reserves Support Package. The RAM is a standard proforma that formally records all reserves and resources changes and the magnitude of the Proved Reserves and Non Proved resources at certain key times.…
The RAM is a standard proforma that formally records all reserves and resources changes and the magnitude of the Proved Reserves and Non Proved resources at certain key times. Reserves Support Package is the documentation of the Reserves and Resources position. RSP templates are available which provide consistency in layout.<p>
✓ Verified term