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