A Review of the Nigerian Energy Industry

Gazprom Neft’s reserves-to production ratio at 163 pct in 2018

18 February 2019, News Wires — Gazprom Neft, the oil arm of Russian gas group Gazprom, said on Monday its hydrocarbon reserves replacement ratio stood at 163 percent in 2018.

The company also said that its proved and probable hydrocarbon reserves under Petroleum Resources Management System standards rose by 2.2 percent last year to 2.84 billion tonnes of oil equivalent.

  • Reuters
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