Russia’s Rosneft:Reserves rise in 2009

email Email  Print Print  
Mon, Feb 8, 2010
Oil Company News
Post by Researcher , Oil Researcher

On Monday, Russia’s largest oil firm, state-controlled Rosneft (ROSN.MM), reported a 163 percent reserves replacement ratio under the Petroleum Resources Management System (PRMS) criteria in 2009.

The press release is quoted as saying:

Reserves under the PRMS methodology, formerly known as SPE, stood at 22.858 billion barrels of oil equivalent (boe), up 2.5 percent from 22.307 billion boe in 2008. Under the more stringent U.S. Securities and Exchange Commission’s (SEC) methodology, Rosneft’s reserves rose to 15.146 billion boe from 14.448 billion boe in 2008.

Click here to access the entire press release

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Leave a Comment

What is Oil Investing News' Comment Policy?
Oil Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

  • Are abusive, off-topic, use excessive foul language
  • Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
  • Contain racist, sexist, homophobic and other slurs
  • Are solicitations and/or advertising for personal blogs and websites
  • Thread spamming (you've posted this same comment elsewhere on the site)
  • Are posted with the explicit intention of provoking other commenters or the staff at Oil Investing News
  • Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.
Oil Price Chart
asia cairn china crude crude futures crude market Crude market news crude value cut demand economy Energy exploration exports fall futures global imperial imports india investing Nigeria Oil Oil Company News oil exploration oil futures oil market Oil Market News oil value ONGC opec output petroleum price prices production profit refinery results russia stocks supply trade trend US
Asides

Information