{"id":1931,"date":"2014-11-13T01:00:36","date_gmt":"2014-11-13T07:00:36","guid":{"rendered":"http:\/\/oilandgasadmins.com\/oga\/?p=1931"},"modified":"2014-11-10T14:32:24","modified_gmt":"2014-11-10T20:32:24","slug":"definition-of-the-day-oil-reserves","status":"publish","type":"post","link":"https:\/\/oilandgasadmins.org\/oga\/definition-of-the-day-oil-reserves\/","title":{"rendered":"Definition of the Day &#8211; Oil Reserves"},"content":{"rendered":"<p><b>Oil reserves<\/b> are the amount of technically and economically recoverable oil.<\/p>\n<p>The total estimated amount of oil in an oil reservoir, including both producible and non-producible oil, is called <i>oil in place<\/i>. However,\u00a0only a fraction of this oil can be brought to the surface, and it is only this producible fraction that is considered to be <strong><i>reserves<\/i><\/strong>.<\/p>\n<h2>Locations of Global Oil Reserves<\/h2>\n<figure id=\"attachment_912\" aria-describedby=\"caption-attachment-912\" style=\"width: 625px\" class=\"wp-caption alignnone\"><a title=\"Global Oil Reserves\" href=\"http:\/\/oilandgasadmins.com\/oga\/wp-content\/uploads\/2013\/12\/OilandGasReserves.png\" target=\"_blank\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-912\" src=\"http:\/\/oilandgasadmins.com\/oga\/wp-content\/uploads\/2013\/12\/OilandGasReserves-1024x467.png\" alt=\"Global Oil Reserves\" width=\"625\" height=\"285\" srcset=\"https:\/\/oilandgasadmins.org\/oga\/wp-content\/uploads\/2013\/12\/OilandGasReserves-1024x467.png 1024w, https:\/\/oilandgasadmins.org\/oga\/wp-content\/uploads\/2013\/12\/OilandGasReserves-300x136.png 300w, https:\/\/oilandgasadmins.org\/oga\/wp-content\/uploads\/2013\/12\/OilandGasReserves-624x284.png 624w, https:\/\/oilandgasadmins.org\/oga\/wp-content\/uploads\/2013\/12\/OilandGasReserves-150x68.png 150w, https:\/\/oilandgasadmins.org\/oga\/wp-content\/uploads\/2013\/12\/OilandGasReserves-500x228.png 500w, https:\/\/oilandgasadmins.org\/oga\/wp-content\/uploads\/2013\/12\/OilandGasReserves.png 1282w\" sizes=\"(max-width: 625px) 100vw, 625px\" \/><\/a><figcaption id=\"caption-attachment-912\" class=\"wp-caption-text\">Global Oil Reserves<\/figcaption><\/figure>\n<p><a title=\"World Oil Reserves by Region\" href=\"http:\/\/oilandgasadmins.com\/oga\/wp-content\/uploads\/2013\/12\/World_Oil_Reserves_by_Region2.png\" target=\"_blank\"><img decoding=\"async\" class=\"alignnone size-medium wp-image-994\" src=\"http:\/\/oilandgasadmins.com\/oga\/wp-content\/uploads\/2013\/12\/World_Oil_Reserves_by_Region2-272x300.png\" alt=\"World_Oil_Reserves_by_Region2\" width=\"272\" height=\"300\" srcset=\"https:\/\/oilandgasadmins.org\/oga\/wp-content\/uploads\/2013\/12\/World_Oil_Reserves_by_Region2-272x300.png 272w, https:\/\/oilandgasadmins.org\/oga\/wp-content\/uploads\/2013\/12\/World_Oil_Reserves_by_Region2-150x164.png 150w, https:\/\/oilandgasadmins.org\/oga\/wp-content\/uploads\/2013\/12\/World_Oil_Reserves_by_Region2-454x500.png 454w, https:\/\/oilandgasadmins.org\/oga\/wp-content\/uploads\/2013\/12\/World_Oil_Reserves_by_Region2.png 545w\" sizes=\"(max-width: 272px) 100vw, 272px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil reserves are the amount of technically and economically recoverable oil. The total estimated amount of oil in an oil reservoir, including both producible and non-producible oil, is called oil in place. However,\u00a0only a fraction of this oil can be brought to the surface, and it is only this producible fraction that is considered to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_cbd_carousel_blocks":"[]","pmpro_default_level":"","footnotes":""},"categories":[72],"tags":[],"class_list":["post-1931","post","type-post","status-publish","format-standard","hentry","category-og-industry-definitions","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/oilandgasadmins.org\/oga\/wp-json\/wp\/v2\/posts\/1931"}],"collection":[{"href":"https:\/\/oilandgasadmins.org\/oga\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oilandgasadmins.org\/oga\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oilandgasadmins.org\/oga\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/oilandgasadmins.org\/oga\/wp-json\/wp\/v2\/comments?post=1931"}],"version-history":[{"count":1,"href":"https:\/\/oilandgasadmins.org\/oga\/wp-json\/wp\/v2\/posts\/1931\/revisions"}],"predecessor-version":[{"id":1932,"href":"https:\/\/oilandgasadmins.org\/oga\/wp-json\/wp\/v2\/posts\/1931\/revisions\/1932"}],"wp:attachment":[{"href":"https:\/\/oilandgasadmins.org\/oga\/wp-json\/wp\/v2\/media?parent=1931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oilandgasadmins.org\/oga\/wp-json\/wp\/v2\/categories?post=1931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oilandgasadmins.org\/oga\/wp-json\/wp\/v2\/tags?post=1931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}