Definition(s)
Ultimate Potential
An estimate of recoverable reserves produced by the time all exploration and development activity is completed.
Source: IADC UBO / MPD Glossary, December 2011. Global Standards
Oil & Gas Drilling Glossary - IADCLexicon.org
An estimate of recoverable reserves produced by the time all exploration and development activity is completed.
Source: IADC UBO / MPD Glossary, December 2011. Global Standards