What does oil and gas reserves and resource quantification mean?
Definitions for oil and gas reserves and resource quantification
oil and gas re·serves and re·source quan·tifi·ca·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word oil and gas reserves and resource quantification.
Wikipedia
Oil and gas reserves and resource quantification
Oil and gas reserves denote discovered quantities of crude oil and natural gas (oil or gas 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. Natural gas is frequently associated with oil directly and gas reserves are commonly quoted in barrels of oil equivalent (BoE). Consequently both oil and gas reserves, as well as resource estimates, follow the same reporting guidelines, and are referred to collectively hereinafter as oil & gas.
Numerology
Chaldean Numerology
The numerical value of oil and gas reserves and resource quantification in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of oil and gas reserves and resource quantification in Pythagorean Numerology is: 7
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"oil and gas reserves and resource quantification." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/oil+and+gas+reserves+and+resource+quantification>.
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