Rosneft More Than Doubled its Gas Reserves in 2011
According to the results of an audit performed by DeGolyer & MacNaughton under the SEC life-of-field classification, Rosneft's proven hydrocarbon reserves as of Dec. 31, 2011 stood at 17,618 million barrels of oil equivalent. Of this total, oil reserves stood at 14,286 million barrels (1,960 million tons) and gas reserves at 19,995 billion cubic feet (566 billion cubic meters). These figures put Rosneft's reserve replacement ratio at 162 percent. The company's gas reserves have grown 2.3 times compared to the level registered at the end of 2010. This significant increase in gas reserves is due to a review of reserves at the company's largest gas field, Kharampurskoye.
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