Downstream: related pages

Upstream
In the oil and gas industries, exploration and production as opposed to downstream refining and distribution.
Proven oil reserves
Oil reserves are those that are known to exist and be exploitable to a high degree of certainty.
Probable oil reserves
Unproven oil reserves which have a better than 50% chance of being technically and commercially producible.
Possible oil reserves
Oil reserves that have a significant probability of being commercially exploitable, but which can not be said to be probable.
Boe (barrels of oil equivalent)
A single number combining the volumes of oil and gas production.
Copyright Graeme Pietersz © 2005-2019