reserves-to-production ratio

The reserves-to-production ratio can be misleading to the average person, particularly since it is expressed in years.

Based on the volume produced in 2007, our reserves-to-production ratio amounts to about 55 years of production.

The reserves-to-production ratio is the most widely quoted of the key indicators used in the oil and gas industry.

It is also valuable to understand the ratio of reserves to annual consumption (Reserves-to-production ratio) by region or country.

The Reserves-to-production ratio (RPR or R/P) is the remaining amount of a non-renewable resource, expressed in time.

A reserve-production Reserves-to-production ratio of 17 is higher than that for most industrial countries heavily dependent on natural gas, examples being Norway, Canada, U.S., and U.K.

A federal parliamentary report referred to the state policy, stating that "while Western Australia presently consumes about 35% of Australia's domestic gas use, and the bulk of LNG exports, there is still a very healthy reserves-to-production ratio in excess of 100 years.