Application of UNFC for Resource Management

Application of UNFC for Resource Management

April 19th 2020, in Geneva, Switzerland.

PETRAD offers a one-day course “Application of UNFC for Resource Management”, in Geneva Sunday 19th April 2020 in conjunction with the UNECE Resource Management Week 2020 on the day before the Resource Management Week starts. The course will be a review of the basics of the UNFC for newcomers to classification and the Expert Group. Resource inventories is a premise for formulating policies and for Government resource management. It is also the basis on which industry conducts its business and capital is allocated. In this course, we focus on the application of the UNFC as updated in 2019.  

The establishment of the UN Sustainable Development Goals and the Paris Accord on Climate Change Mitigation calls for change that will affect these activities. None of the Sustainable Development Goals can be reached without energy and raw materials, yet we know from the second law of thermodynamics and other principles that environmental consequences result from deployment of these resources regardless of how it is done. As a consequence, the efficient use of resources becomes increasingly important. The public, private and financial sectors therefore need to focus on the mechanisms that give the efficiencies required to create the future we want. PETRAD offers to contribute to these efforts in many ways, including through this course on the application of the UNFC for Resource Management.      

In this course, we focus on the application of the UNFC as updated in 2019. It is a classification of “what we get” as opposed to a classification of “what we found” where it all started in the early 1900. By choosing a project-based approach, it has been possible to expand the application of the classification as mentioned above. Classification inventories of sources and the products to be derived from them is an excellent template for resource management.

Application of the UNFC is still a young professional activity and the call for training has been rising quickly. 

The objectives of this course are:

  1. Provide an understanding of the basic structure of the UNFC
  2. To familiarize participants with the four principal areas of application, namely:
    1. Policy formulation
    2. Government resource management
    3. Industry business process management
    4. Capital allocation and financial reporting


The target group for this course are geoscientists, engineers, economists, lawyers, analysts and communications/investor-relation experts interested in the objectives mentioned above.

The course content describes the classification background, explains how UNFC works and demonstrates this by two case studies on mineral resources and petroleum. Issues related to quality assurance, aggregation, accounting and disclosure will be dealt with. The relationship between UNFC and the classifications bridged to UNFC will be explained. The application of UNFC to renewable energy, geothermal energy, Carbon Capture and Storage (CCS), and Anthropogenic resources will be demonstrated. Finally, the application of UNFC for the four principal areas: Policy formulation, Government resource management, Industry business process management, and Capital allocation and financial reporting will be described.

The venue of the course is:

Hotel Mon Repos, 131 Rue de Lausanne, 1202 Genève, Switzerland.Find the way to hotel: (

The Course fee is NOK 4 500,- inclusive of coffee breaks and lunch.

Applications should be received by PETRAD at before the 20th of March 2020.

For more information, please contact

Per Blystad,  Tel: +47 993 65 695, Email: ,

Sigurd Heiberg, Tel: +47 975 79 731, Email:

Sigurd Heiberg

Project Director

Sigurd holds a BSc from the University of California and a SM degree from the Massachusetts Institute of Technology. He has also received formal management training at IMD on international management and High Performance Boards. Sigurd has spent most of his working life in Government and industry working on petroleum resources management and strategy, both as Deputy director of resource management responsible for development and production at the Norwegian Petroleum Directorate, as Petroleum exploration advisor to the Minister of Water, Energy and Minerals of Tanzania and as a member of Statoil’s Corporate strategy team. He chaired the Oil and gas reserves committee of the Society of Petroleum Engineers when the SPE Resource classification that later became the SPE-PRMS was developed and the UNECE Expert group on resource classification when the UNFC-2009 classification was developed. He has also chaired the Bureau of the UNECE Intergovernmental Committee on Sustainable Energy. Sigurd has engaged in education by helping to form and build PETRAD. He has been a lecturer at the MIT Sloan Executive Education and at the University of Stavanger. He has been guest editor with MIT Professor Donald Roy Lessard of “Innovation in oil and gas through partnering”, Elsevier’s Volume 3 of Energy Strategy Reviews. He joined Petrad as a Project Director in 2017.

Per Blystad

Project Director

Per holds a Master (Cand. Real) in geology from University of Bergen. After a few years working in a cross-disciplinary project connected to a huge hydro-electric development project in the south-western mountain area in Norway, he joined the Norwegian Petroleum Directorate (NPD) for more than 30 years working on petroleum resource management and project management. His working experience includes exploration and licensing, annual reporting to government from companies in relation to the revised annual national budget, resource assessments and methodology development of yet-to-find potential of petroleum on the Norwegian continental shelf. For six years Per coordinated the international project in NPD to assist countries in Asia and Africa in developing their national petroleum resource management systems and capacities. He was seconded as project coordinator in CCOP for two years in a project on Resource Evaluation and Planning. Per has been engaged in developing NPD’s petroleum resource classification system. In 2001 he joined the UNECE Expert group on resource classification (EGRC). Per retired from NPD in 2016 and is a Project Director at Petrad.