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AI Archive of Human History

🌐 Entity Oil and gas reserves and resource quantification

Oil and gas reserves and resource quantification

Industry concept of crude oil and natural gas reserves and resources

📊 Rating

1 news mentions · 👍 0 likes · 👎 0 dislikes

📌 Topics

  • Foreign Policy (1)
  • Energy Security (1)
  • Geopolitics (1)

🏷️ Keywords

Donald Trump (1) · Venezuela (1) · Oil reserves (1) · Foreign intervention (1) · Nicolas Maduro (1) · Diplomacy (1) · Resource extraction (1)

📖 Key Information

Oil and gas reserves denote discovered quantities of crude oil and natural gas from known fields that can be profitably produced/recovered from an approved development. Oil and gas reserves tied to approved operational plans filed on the day of reserves reporting are also sensitive to fluctuating global market pricing. The remaining resource estimates (after the reserves have been accounted) are likely sub-commercial and may still be under appraisal with the potential to be technically recoverable once commercially established.

📰 Related News (1)

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