Estimated ultimate recovery (EUR)

Estimated ultimate recovery (EUR),

Definition of Estimated ultimate recovery (EUR):

  1. Estimated ultimate recovery (EUR) is a production term commonly used in the oil and gas industry. Estimated ultimate recovery is an approximation of the quantity of oil or gas that is potentially recoverable or has already been recovered from a reserve or well.

  2. The total volume of oil or gas that is expected to be extracted from a reserve. This projection is typically considered by oil sector analysts as a key indicator for investment in a petroleum or gas company.

  3. EUR is similar in concept to recoverable reserves.

How to use Estimated ultimate recovery (EUR) in a sentence?

  1. EUR is made up of three levels of confidence is the amount of oil yet to be recovered: proven reserves; probable reserves; and possible reserves.
  2. EUR is used by oil companies, as well as analysts and investors, to compute the NPV for oil exploration and drilling projects and the expected corporate profits associated with that.
  3. Estimated ultimate recovery (EUR) refers to potential production expected from an oil well or deposit.

Meaning of Estimated ultimate recovery (EUR) & Estimated ultimate recovery (EUR) Definition