Reserves & Resources
2P Reserves by Asset and Product as at 31 December 2019
As at 31 December 2019 | MMBOE | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Proved plus probable reserves (2P) | 19.2 | ||||||||||||||||||||||
Reserves replacement ratio (1) | ~59% | ||||||||||||||||||||||
Reserves (2P) life(2) | ~7.5 years |
Notes to the reserves summary
-
The reserves replacement ratio is the 2P reserves (Developed and Undeveloped) change during the period, before the deduction of production, divided by production during the periods.
-
The 'reserves' life is the 2P reserves (Developed and Undeveloped) divided by production during the year on an economic interest basis.