In 2013, Novatek increased reserves of hydrocarbons by 1.2%
Edited by Rhod Mackenzie / 2014-02-11 05:02:12
Novatek’s proved hydrocarbon reserves under SEC have made up 12 537 million barrels of oil equivalent that is by 1.2% more than as of end of 2012, the company reports.
Proved reserves of gas made up 1 740 billion cubic meters, and reserves of liquid hydrocarbons – 134 million tons. The increase in the proved reserves, including production of 2013, made up 582 million barrels of oil equivalent, and the reserve replacement ratio – 132%. As of end of 2013, the company’s provision with proved hydrocarbon reserves made up 29 years.
