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Proved Reserves
Quantities of natural resources, like oil or gas, that geological and engineering information indicates with reasonable certainty can be recovered in the future from known reservoirs under existing economic and operating conditions.
Petroleum Industry
A global sector involved in the exploration, extraction, refinement, transportation, and marketing of petroleum products.
Current Prices
Prices at which goods and services are sold in the market at the present time, not adjusted for inflation.
Technological Improvements
Advances or enhancements in technology that increase efficiency, productivity, or utility in various sectors.
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