Reserves & Resources

Summary of Reserves

2P Reserves by Asset

2P Reserves by Asset

2P Reserves by Product

As at 1 January 2016 MMBOE
Proved plus probable reserves (2P) 10.5
Jan 1 2016 Reserves replacement ratio (excluding UK)(1) ~26%
Reserves (2P) life(2) ~4 years

Notes to the reserves summary

  1. The reserves replacement ratio is the reserves (Developed and Undeveloped) change during the period, before the deduction of production, divided by production during the periods.

  2. The 'reserves' life is the 2P reserves (Developed and Undeveloped) divided by production during the year on an economic interest basis.