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exploration.
• The sources discovered by successful exploration becomes
reserves, which are those portion of the total resource that
have been shown to be accessible and recoverable under
current economic and technologic conditions.
• Because no recovery technique can extract all oil or gas from
a field, the reserves of the field are only some fraction of the
in-place oil or gas which the field actually contains.
• The process of recovering reserves by drilling a well within a
field and operating them successfully, is called development
well.
• Organizations and individuals seeking or producing oil or gas
are called operators.
Anticlinal theory