What does f_reserves_rem__mbl represent?
f_reserves_rem__mbl refers to remaining recoverable reserves, covering 2P and 2C resources across all hydrocarbon types, including:
Oil
Gas
Condensate
Natural Gas Liquids (NGLs)
These volumes are recoverable but not yet produced from the reservoir.
Because multiple hydrocarbon types are included, the figure is expressed in million barrels of oil equivalent (mmboe).
What does f_reserves_rem_oil__mbl represent?
f_reserves_rem_oil__mbl represents the oil-only portion of remaining recoverable reserves.
The key difference:
f_reserves_rem__mbl = total remaining reserves across all hydrocarbons (oil + gas + condensate + NGLs), converted to mmboe
f_reserves_rem_oil__mbl = remaining reserves for oil only
What does the unit mbl mean in these fields?
The unit mbl stands for million barrels.
When used for total remaining reserves that include gas and other hydrocarbons, the values are expressed as million barrels of oil equivalent (mmboe) to reflect the combined energy content on a common basis.
What does “breakeven” mean in the context of oil and gas projects?
Breakeven refers to the commodity price required for a project to achieve a target internal rate of return (IRR) over its full lifecycle.
In Lens, breakeven prices are commonly calculated as:
The FOB commodity price (oil, gas, or LNG)
Required to achieve a specified IRR (typically 10%, 12%, or 15%)
Discounted from the point of first capital investment
Breakeven metrics allow projects to be compared on a consistent economic basis under defined cost and price assumptions.
For additional context, you may find the Video - Lens Gas & LNG - Cost Breakeven helpful.