Reserves & Resources

Summary of Reserves

2P Reserves by Asset and Product as at 31 December 2019

2P Reserves by Asset & Product-1_20202P Reserves by Asset & Product-2_2020

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

  1. 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.

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