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3P Oil Reserves


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3P oil reserves are the total amount of reserves that a company estimates having access to, calculated as the sum of all proved and unproved reserves. The oil industry breaks unproved reserves into two segments: those based on geological and engineering estimates from established sources (probable) and those that are less likely to be extracted due to financial or technical difficulties (possible). Therefore, 3P refers to proved plus probable plus possible reserves.

What Are 3P Oil Reserves? - 3P Oil Reserves | Finance, Money & Investment
What Are 3P Oil Reserves? - 3P Oil Reserves | Finance, Money & Investment
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What Are 3P Oil Reserves? - 3P Oil Reserves | Finance, Money & Investment
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Date posted
Jan 21, 2022
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Reservoir Definition (Proved, Probable, Possible Reserves)
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4,359
Date posted
Jan 30, 2019
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Date posted
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