Rosneft replaces 179% of hydrocarbon reserves in 2013

OAO Rosneft said it replaced 179% of its hydrocarbon reserves in 2013.

An audit by DeGolyer & MacNaughton showed that the company’s hydrocarbon reserves increased 11%, with liquids up 6% and gas, 29%.

Under the “life-of-field” classification by the US Securities and Exchange Commission, Rosneft’s proven hydrocarbon reserves on Dec. 31 were 33 billion boe, compared with 29.6 billion boe in 2012 (OGJ Online, Jan. 23, 2013).

In the “prospective recoverable hydrocarbon resources” category, Rosneft had 338.6 billion boe, compared with 200.7 billion boe in 2012.

Related Articles

INTERNATIONAL BRIEFS

01/01/1990 WESTCOAST ENERGY INC., Vancouver, B.C., agreed to buy the utilities and propane business of Inter-City Gas Corp. (ICG), Winnipeg, Man., for $720 mi...

OWNERSHIP QUESTIONS CAN STYMIE DEVELOPMENT OF COALBED METHANE

01/01/1990 Although the technology exists for commercial recovery of coalbed methane, production has been hindered because of the legal quandary as to ownersh...

OIL FLOW RISING IN E. CHINA REGION

01/01/1990 Production is building from an oil producing area in the lower reaches of the Yangtze River in eastern China's Jiangsu Province. The northern J...

GAS EXPLORATION FANS OUT MIN ARKOMA BASIN

01/01/1990 Gas exploration is heating up in the South Central Arkoma basin's pre-Pennsylvanian formations. Several operators are targeting Siluro-Devonian...

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