petroleum reserves

Stored crude oil

Petroleum reserves are the estimated quantities of crude oil that can be extracted profitably from known underground deposits using existing technology.

Reserves are classified by certainty: proven reserves have a high probability of recovery, while probable and possible reserves carry increasing uncertainty.

Countries and companies report reserves to indicate future production capacity and economic value.

The nation's petroleum reserves could sustain current output for another forty years.

Opposites
energy source type

petroleum reservesrenewable energy

Self-replenishing natural power

solar power · wind energy · hydroelectric power · geothermal energy · clean energy

resource availability status

petroleum reservesdry wells

Underground sources without water

peak oil · oil shortage · resource scarcity · energy deficit

processing state

petroleum reservesdiesel fuel

Compression-ignition engine petroleum

petrochemicals · jet fuel · gasoline · kerosene · finished products

Family

petroleum, reserves, petrol, reserve, reserved, reserving, reservation, reservations, reservist

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Concrete · Rated G