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R
Riser
Vertical portion of a flowline transporting oil/natural gas from the well to the platform.
Offshore Reaction
Free educational program sponsored by PRIO to prepare professionals for the offshore job market.
Potential Resources
Estimated volumes of oil in a prospect before drilling, potentially recoverable through future projects.
Contingent Resources
Estimated volumes in a discovered accumulation requiring further analysis or technology to be commercially viable.
Total Risked Potential Resources
Total potential resources multiplied by the probability of success.
Reserve
Discovered volumes of oil and/or natural gas commercially recoverable through development projects.
REPETRO
Special customs regime for export and import of goods for oil and gas exploration and production.
Probable reserves
Quantity of oil estimated to have a 50% chance of being achieved or exceeded.
Royalties
Financial compensation owed to the state by oil and natural gas producers in Brazil, distributed to various governmental bodies per legislation.
2P Reserves
Sum of proved and probable reserves.