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  2. Oil and gas reserves and resource quantification - Wikipedia

    en.wikipedia.org/wiki/Oil_and_gas_reserves_and...

    Reserves are defined in three sub-categories according to the system used in the PRMS: Proven (1P), Probable and Possible. Reserves defined as Probable and Possible are incremental (or additional) discovered volumes based on geological and/or engineering criteria similar to those used in estimating Proven reserves. Though not classified as ...

  3. Proven reserves - Wikipedia

    en.wikipedia.org/wiki/Proven_reserves

    Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil and gas reserves and coal reserves. It is defined as the "quantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known ...

  4. Mineral resource classification - Wikipedia

    en.wikipedia.org/wiki/Mineral_resource...

    A Probable Mineral Reserve is the economically mineable part of an Indicated Mineral Resource, and in some circumstances, a Measured Mineral Resources. It includes diluting material and allowances for losses which may occur when the material is mined. A Probable Mineral Reserve has a lower level of confidence than a Proved Mineral Reserve but ...

  5. McKelvey diagram - Wikipedia

    en.wikipedia.org/wiki/McKelvey_diagram

    First SPE added levels of field project status relating to possible levels of risk. [13] Other modifications introduced a further subcategory, dividing reserves into proved (P1), probable (P2) and possible (P3) reserves. [12] [14] A number of recommendations have been made towards standardizing and improving petroleum reporting. [6]

  6. List of abbreviations in oil and gas exploration and production

    en.wikipedia.org/wiki/List_of_abbreviations_in...

    2P – proved and probable reserves; 3C – three components seismic acquisition (x, y, and z) 3C – Proved, probable and possible contingent resources; 3D – three-dimensional ; 3P – proved, probable and possible reserves; 4D – multiple 3Ds acquired over time (the 4th D) over the same area with the same parameters

  7. List of countries by proven oil reserves - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    Proven oil reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated, with a high degree of confidence, to be commercially recoverable from a given date forward from known reservoirs and under current economic conditions.

  8. Australia lifts terrorism threat level from 'possible' to ...

    www.aol.com/news/australia-lifts-terrorism...

    The Australian government on Monday elevated the nation’s terrorism threat alert level from “possible” to “probable,” citing concerns about increasing radicalization among young people ...

  9. Oil reserves in the United States - Wikipedia

    en.wikipedia.org/wiki/Oil_reserves_in_the_United...

    The United States maintains a Strategic Petroleum Reserve at four sites on the Gulf of Mexico, with a total capacity of 727 million barrels (115.6 × 10 ^ 6 m 3) of crude oil. The maximum total withdrawal capability from the United States Strategic Petroleum Reserve is 4.4 million barrels (700,000 m 3) per day. This is roughly 32% of US oil ...

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