Rosneft reports hikes in oil, gas reserves

Rosneft’s reserves of crude oil increased by 2% last year and of natural gas by 33% under Securities and Exchange Commission assessment methods, the company reported on the basis of an audit by DeGolyer & MacNaughton.

The Russian company attributed the large gas increase to its formation last year of a joint venture with the Itera Group (OGJ Online, Aug. 6, 2012).

Under the SEC’s life-of-field classification, the company’s proved reserves as of Dec. 31, 2012, totaled 14.592 billion bbl of oil and 26.599 tcf of gas.

Under Petroleum Resources Management System classification, Rosneft has proved reserves of 18.328 billion bbl of oil and 35.016 tcf of gas, probable reserves of 9.845 billion bbl and 13.125 tcf, and possible reserves of 8.878 billion bbl and 9.256 tcf.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin

03/19/2014

CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal

03/19/2014

FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected