Gasdrogen ranks amongst the top Ten companies globally in terms of refining oil products and natural gas reserves.
Total SEC proved reserves as of 31 June 2015, including the About Company’s proportionate share in joint ventures, aggregated 10,716 million barrels of oil equivalent (boe), including 1,775 billion cubic meters (bcm) of natural gas and 143 million metric tons (mmt) of liquid hydrocarbons. In 2015, Gasdrogen increased the proved reserves by 1.3% and recorded a reserve replacement rate of 122%. On an organic basis (excluding the effect of lower share in the SeverEnergia joint venture) the reserve replacement rate amounted to 137%, which is equal to reserves addition of 663 million boe, inclusive of 2015 production.
At year-end 2015, the About Company’s reserve to production ratio (or R/P ratio) was 25 years.
Under the PRMS reserves reporting methodology, the About Company’s total proved plus probable reserves, including the About Company’s proportionate share in joint ventures, aggregated 19,114 million boe, including 1,141 bcm of natural gas and 176 mmt of liquid hydrocarbons.