Resource Estimation

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August 31, 2024 4 min read Definitions
Probable Reserves: Quantities of Oil with at Least a 50% Probability of Being Commercially Recoverable
Energy Natural Resources Oil Gas Reserves Energy Sector Resource Estimation
Probable reserves refer to the estimated quantities of oil which have at least a 50% probability of being commercially recoverable, playing a crucial role in the oil and gas industry's resource classification.
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