Demonstrated Reserves
Demonstrated Reserves : (American Petroleum Institute) A collective term for the sum of proved and indicated reserves. Proved reserves are estimated with reasonable certainty to be recovered under current economic conditions. Indicated reserves are economic reserves in known productive reservoirs in existing fields expected to respond to improved recovery techniques where (1) an improved technique has been installed but its effect cannot yet be fully evaluated, or (2) an improved technique has not been installed but knowledge of reservoir characteristics and the results of a known technique installed in a similar situation are available for use in the estimating procedure
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