Proven reserves of oil are determined by
A)the total of all oil deposits that have been mined.
B)the estimated remaining deposits of the resources
C)an estimate of oil deposits not yet discovered.
D)identified areas of possible fossil fuels.
E)deposits that are possible to mine and be distributed under current economic and technological conditions

Question

Quizplus · Accepted Answer

Proven reserves of oil are those deposits that are confirmed to be extractable and economically viable under current technological and market conditions.

Proven Reserves of Oil Are Determined by