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EUR 67.89

22 October, Sunday

Ufa   °

Bashneft has proved reserves of liquid hydrocarbons for 17.9 years

Economy/Business

JSOC Bashneft has proved reserves of liquid hydrocarbons for 17.9 years. In 2013, Bashneft increased its proved reserves by 1.9 percent — up to 2 045.3 million barrels. An independent audit results in accordance with international PRMS classification are published on the website of the oil company.

Growth of proved reserves exceeded production in 2013 by 33.7 percent.

Cumulative oil and condensate reserves at the end of 2013 amounted to 3236.8 million barrels, which is by 1.4 percent higher than on December 31 2012. Total probable and possible reserves taking into account R.Trebs and Titov fields amounted to 1 191.5 million barrels. While probable reserves increased by 0.1 percent (to 528.7 million barrels) for a year, and possible reserves — by 0.8 percent (to 662.8 million barrels).

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