Reserves & Resources
2P Reserves by Asset and Product as at 31 December 2016
| As at 31 December 2016 | MMBOE | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Proved plus probable reserves (2P) | 15.1 | ||||||||||||||||||||||
| Reserves replacement ratio (excluding UK)(1) | ~277% | ||||||||||||||||||||||
| Reserves (2P) life(2) | ~5.8 years | ||||||||||||||||||||||
Notes to the reserves summary
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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.
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The 'reserves' life is the 2P reserves (Developed and Undeveloped) divided by production during the year on an economic interest basis.