METHODOLOGICAL DESCRIPTION (a) Underlying Definitions and Concepts: Proven reserves indicate the resources in
place that have been assessed as exploitable under present and expected economic
conditions with available technology.
(b) Measuring Methods: The estimates are based on the results of geological and
exploratory information about an area or on evidence of the duplication or parallelism
of geological conditions that occurs in known deposits. Unproven deposits are not
included. The lifetime of proven fuel reserves in terms of the reserves-to-production
ratio is computed by dividing the proven energy reserves of a commodity at the end of
a year by the total production of that commodity in that year.
(c) Limitations of the Indicator: The rate of use of energy reserves depends on
many factors, including economic conditions, prices, technological progress and
exploration efforts. Therefore, this indicator represents only a relative measure of
reserve availability. For many countries, reserve-to-production ratios for oil and gas
have been constant over many years, despite increasing exploitation of these
resources. This is because when known reserves start to be depleted, greater effort
typically is put into identifying new reserves as a replacement. Trends in reserve-to-
production ratios may therefore underestimate the total resource available, on the one
hand, while providing inaccurate information about the extent to which a finite
resource is being exhausted, on the other hand.
(d) Alternative Definitions/Indicators: The total reserves and depletion rate are
alternative measures for this indicator.
ASSESSMENT OF DATA (a) Data Needed to Compile the Indicator: Data on available energy reserves and
production.
(b) National and International Data Availability: Data on proven fossil fuel
reserves are available from the annual publication Survey of Energy Resources by the
World Energy Council and are subject to frequent revision. Such data are also
available from national and international oil and gas companies. Data on uranium
reserves are available from joint publications of the International Atomic Energy
Agency (IAEA) and the Nuclear Energy Agency (NEA).
REFERENCES • BP. Statistical Review of World Energy. Published annually. London, UK:
British Petroleum.
• NEA/IAEA, various editions. Uranium: Resources, Production and Demand. Paris, France: Nuclear Energy Agency (NEA)/International Atomic Energy
Agency (IAEA).
• UNDP/UNDESA/WEC, 2000, World Energy Assessment. New York, USA:
United Nations Development Programme.
• UNSD, various editions. Energy Statistics Yearbook. Published annually. New
York, USA: United Nations Statistics Division.
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• USGS, various editions. World Petroleum Assessment. Washington DC, USA:
United States Geological Survey.
• WEC, various editions. Survey of Energy Resources. Published annually.
London, UK: World Energy Council.