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proved reserves
(redirected from Proven reserves)

    Also found in: Financial, Wikipedia 0.01 sec.
proved reserves [′prüvd ri′zərvz]
(petroleum engineering)
The estimated quantities of crude-oil liquids which with reasonable certainty can be recovered in future years from delineated reservoirs under existing economic and operating conditions.
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The original plan was to reach this capacity by end-2004, with early production begun in November 2001 at the rate of 55,000 b/d at Soroush which had proven reserves of 500m barrels.
Iran - Soroush/Nowruz by APS Review Gas Market Trends
The proven reserves in the North African country are 11.
Gazprom signs exploration deal in Algeria by UMCI News (Potomac Falls, VA)
The upstream oil industry in Africa accounts for 7% of the world's total, with proven reserves of 76 billion barrels.
The future is bright: though dominated by foreign companies, the oil ... by Commey, Pusch / New African
 
 
 
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