Slavneft Announces 2011 International Reserves Audit – Reserve Replacement at 105%
As of December 31, 2011, the audited proved recoverable oil reserves of OAO NGK Slavneft estimated under SEC LOF (U.S. Securities and Exchange Commission), excluding the licenses validity, made 1,642 mln bbl. The Company’s proved reserves increased by 6.2 mln bbl, or 0.4% vs. 2010. The Holding’s reserves replenishment rate …
TNK-BP Announces 2011 International Reserves Audit – Reserve Replacement at 145%
TNK-BP published the results of an international audit of its reserves at the end of 2011. As of December 31, 2011, the total proved SEC life-of-field (LOF) reserves of TNK-BP consolidated subsidiaries, estimated according to the criteria of the US Securities and Exchange Commission (SEC), amount to 9.115 billion barrels …