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21 Nov 2024
Ibama
Brazilian Institute of Environment and Renewable Natural Resources.
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Reserve Replacement Ratio (RRR)
Ratio between the volume of reserves added during the year and the total volume produced in the same year.
In situ
Volume originally contained in the reservoir before any petroleum or natural gas production.
Exploratory success rate
Number of exploratory wells with commercial oil and/or gas relative to the total drilled and evaluated in the current year.