Rosneft increased its proved reserves by SEC 1.4%

Rosneft increased its proved reserves by SEC 1.4%


Proved reserves of hydrocarbons at December 31, 2015 $ 34,465 billion barrels (4,654 billion tons) of oil equivalent. By the end of 2015 the provision of the company by hydrocarbon reserves under SEC classification was 19 years old.

MOSCOW, 16 Jan. Proved reserves of hydrocarbons of JSC “NK “Rosneft” according to the SEC classification as of 31 December 2015 $ 34,465 billion barrels (4,654 billion tons) of oil equivalent, which is 1.4% higher than at the end of 2014, follows from the statements of the company.

The increase in the level of reserves was achieved despite a significant decline in average benchmark oil prices, the document says. The replacement ratio of proved hydrocarbon reserves under SEC classification was 124% (coefficient calculated based on metric units of hydrocarbons).

By the end of 2015, the provision of Rosneft’s proven hydrocarbon reserves under the SEC classification was 19 years old. Audit of reserves by SEC was carried out by DeGolyer & MacNaughton.

According to PRMS hydrocarbon reserves at end of year by category 1P amounted to $ 42,917 billion barrels of oil equivalent (5,808 billion tons), 2P — 76,171 billion barrels (10,274 billion tons) of oil equivalent, by category 3P — 108,601 billion barrels (14,683 billion tons) of oil equivalent. Total reserves 3P increased in 2015 by 2%.

“Rosneft” is actively preparing to enter in 2016-2020 in the commercial development of new large fields in East and West Siberia, including Suzun, Tagul, Lodochnoye, Yurubcheno-Tokhomskoye, Russkoye, Kharampur (gas deposits), and the Kynsko-Chaselsky license area”,- the document says.

With the development of the fields you plan to use new drilling technology (including drilling of wells with horizontal completion), that have proven successful in existing fields, allowing in the medium term involve the development of significant reserves of oil and gas, including unconventional.