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Oil reserves are an estimate of the amount of crude oil located in a particular economic region with the potential of being extracted. The oil industry estimates that there are 1.73 trillion barrels of oil reserves in the world. In the United States, the Strategic Petroleum Reserve is an emerg...
3.A reservation of public land:a forest reserve. 4.An amount of a mineral, fossil fuel, or other resource known to exist in a particular location and to be exploitable:the discovery of large oil reserves. 5. a.A fighting force kept uncommitted until strategic need arises. ...
Define Fuel reserve. Fuel reserve synonyms, Fuel reserve pronunciation, Fuel reserve translation, English dictionary definition of Fuel reserve. reserve tank. Translations. English: reserve tank n serbatoio di riserva. Italian / Italiano: serbatoio di ri
Restraint of freedom in words or actions; backwardness; caution in personal behavior. That which is reserved or kept back, as for future use. A natural resource known to exist but not currently exploited. New oil reserves are continuously being discovered, but not as fast as the existing ...
Reserve Statementmeans a statementprepared bya qualified person(as such term is defined in NI 43-101)on behalf oftheMine Ownersetting outthenumber oftonnes of ore and metal grades ofReserves and Resources. Sample 1 Reserve Statementhas the meaning set forth in Section 4.4(a). ...
World oil reserves: problems in definition and estimation - Haider - 2000 () Citation Context ...obability of being extractable at current prices with current technology; asprobable reserve, with 50-90% extractability; a possible reserve, with 10-50%sextractability; or not qualify as a reserve...
Proved Oil and Gas Reserves means the estimated quantities of crude oil, natural gas, and natural gas liquids which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions, i.e., pric...
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