Proved reserves of petroleum are
A) the verified quantity of petroleum that can be recovered at current prices and levels of technology.
B) the only reserves likely to be available in the future.
C) refined products awaiting shipment to the market.
D) the total amount of the resource in existence, regardless of the productive effort undertaken to expand the future availability of the resource.

Question

Quizplus · Accepted Answer

Proved reserves of petroleum refer to the amount of petroleum that can be extracted with reasonable certainty under existing economic and operational conditions.

Proved Reserves of Petroleum Are