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oilreserve
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The answer OILRESERVE has 5 possible clue(s) in existing crosswords.
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The word OILRESERVE is NOT valid in any word game. (Sorry, you cannot play OILRESERVE in Scrabble, Words With Friends etc)
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Definitions of oilreserve in various dictionaries:
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Possible Crossword Clues |
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Canadian asset |
Store in the Middle East? |
OPEC member stat |
The Gulf of Mexico has a big one |
National resource |
Last Seen in these Crosswords & Puzzles |
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Apr 22 2018 Newsday.com |
Jun 11 2017 Newsday.com |
Dec 11 2015 New York Times |
Apr 18 2015 L.A. Times Daily |
Oct 25 2012 New York Times |
Oilreserve might refer to |
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Oil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price of oil. Hence reserves will change with the price, unlike oil resources, which include all oil that can be technically recovered at any price. Reserves may be for a well, a reservoir, a field, a nation, or the world. Different classifications of reserves are related to their degree of certainty. * The total estimated amount of oil in an oil reservoir, including both producible and non-producible oil, is called oil in place. However, because of reservoir characteristics and limitations in petroleum extraction technologies, only a fraction of this oil can be brought to the surface, and it is only this producible fraction that is considered to be reserves. The ratio of reserves to the total amount of oil in a particular reservoir is called the recovery factor. Determining a recovery factor for a given field depends on several features of the operation, including method of oil recovery used and technological developments.Based on data from OPEC at the beginning of 2013 the highest proved oil reserves including non-conventional oil deposits are in Venezuela (20% of global reserves), Saudi Arabia (18% of global reserves), Canada (13% of global reserves), and Iran (9%).Because the geology of the subsurface cannot be examined directly, indirect techniques must be used to estimate the size and recoverability of the resource. While new technologies have increased the accuracy of these techniques, significant uncertainties still remain. In general, most early estimates of the reserves of an oil field are conservative and tend to grow with time. This phenomenon is called reserves growth.Many oil-producing nations do not reveal their reservoir engineering field data and instead provide unaudited claims for their oil reserves. The numbers disclosed by some national governments are suspected of being manipulated for political reasons. |