Commercial Recovery

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  • 1 Types
August 31, 2024 4 min read Definitions
Possible Reserves: Quantities with at least a 10% Probability of Commercial Recovery
Economics Finance Natural Resources Reserves Probability Commercial Recovery Economics Natural Resources
Possible Reserves refer to those quantities of natural resources which have at least a 10% probability of being commercially recoverable under current technological and economic conditions.
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August 31, 2024 5 min read Definitions
Proved Reserves: Quantities of Oil that are Commercially Recoverable
Economics Finance Energy Proved Reserves Oil Industry Geological Data Engineering-Data Commercial Recovery
Detailed explanation of proved reserves, their importance in the oil industry, and how they are calculated and classified.
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