MOSCOW (dpa-AFX) - Gazprom Neft group's (OGZPF.PK, OGZPY.PK, GAZP) total 'proven' and 'probable' or 2P reserves as at December 31, 2011, under PRMS international standards totaled 11.577 billion barrels of oil and 15.720 trillion cubic feet of gas, translating into 14.197 billion barrels of oil equivalent. Gazprom Neft's hydrocarbon reserves rose 8.78% or 1.145 billion barrels of oil equivalent in 2011 compared with the end of 2010.
Considering its production volume for 2011, the replacement level of Gazprom Neft's category 2P hydrocarbon reserves was 379%. The reserves of Gazprom Neft and its joint ventures were audited by DeGolyer and MacNaughton.
Copyright RTT News/dpa-AFX
© 2012 AFX News
