PROVED RESERVES OF GAS OF PJSC “RUSSNEFT” ROSE 1% UP TO 918 BCF IN 2016
PJSC “RussNeft” increased the proved reserves of gas by 1% up to 918 bcf in 2016, according to the company’s statement. Such reserves were 909.6 bcf as of the end of 2015.
However, the oil reserves (excluding the Azerbaijan assets) reduced 0.5% down to 1.08 Bbbl.
The cumulative oil and gas reserves amounted to 1.233 Bbbl of oil equivalent as of the year end which is 0.3% less against 2015.
Herewith, in 2016, the probable reserves of gas of PJSC “RussNeft” rose 13.8% up to 371.1 bcf, the oil reserves grew 1.4% up to 465.9 Bbbl, and the cumulative reserves increased 2.7% up to 527.75 million barrels of oil equivalent.
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