Reserves & Resources

Summary of Reserves

2P Reserves by Asset and Product as at 31 December 2016

2P Reserves by Asset_Chart 1_Jul 17

2P Reserves by Product_Chart 2_Jul 17

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

  1. 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.

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