PRMS

{
  "id": "MLC-T-IND-004515",
  "term": "PRMS",
  "field": "Industrial and trades",
  "definition": "The Petroleum Resources Management System, a global standard for the classification and reporting of petroleum reserves and resources. It provides a consistent framework for estimating hydrocarbon quantities based on the level of certainty and commercial maturity of a project. Resources are categorized as Prospective Resources, Contingent Resources, and Reserves, with reserves further defined as Proved (1P), Probable (2P), and Possible (3P) based on confidence levels.",
  "subject": "Mining and extraction",
  "translations": {
    "de": "PRMS",
    "es": "PRMS",
    "fr": "PRMS"
  },
  "url": "https://mlchart.com/terminology/industrial/prms/"
}