Reserves & Resources
2P Reserves by Asset and Product as at 31 December 2022
| As at 31 December 2022 | MMBOE | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Proved plus probable reserves (2P) | 26.7 | ||||||||||||||||||||||
| Reserves replacement ratio (1) | ~29% | ||||||||||||||||||||||
| Reserves (2P) life(2) | ~7.0 years | ||||||||||||||||||||||
Notes to the reserves summary
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The reserves replacement ratio is the 2P reserves (Developed and Undeveloped) change during the period, before the deduction of production, divided by production during the periods, and excludes acquisitions.
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The 'reserves' life is the 2P reserves (Developed and Undeveloped) divided by production during the year on an economic interest basis.