Basic Differences Between PUD and PDP Oil and Gas Reserves

Proved developed producing (PDP) and proved undeveloped (PUD) are two different classifications used to describe oil and gas reserves. The difference between the two is primarily based on the current state of production or development of the reserve.

Proved developed producing (PDP) oil and gas reserves are reserves that are currently producing and have existing infrastructure in place to extract, produce and bring the oil to market. This means that drilling and production have already begun, and a well-established production system is in place. PDP oil and gas reserves have lower uncertainty compared to other classifications of reserves.

Proved undeveloped (PUD) oil and gas reserves, on the other hand, are reserves that have been identified as economically recoverable but have not yet begun production. These reserves may require additional drilling and the construction of infrastructure to extract, produce and bring the oil and gas to market. PUD reserves have higher uncertainty compared to PDP reserves.

In summary, PDP oil and gas reserves are already producing and have the infrastructure, and therefore have lower uncertainty, PUD oil and gas reserves are not producing yet and require additional work, and therefore have higher uncertainty.
https://www.spe.org/en/industry/petroleum-reserves-definitions/

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