Putin awards Valtteri Bottas with Russian F1 GP TrophySport April 30, 18:02
FIA Formula One 2017 Russian Grand Prix boosts off in SochiSport April 30, 15:23
Merkel to pay first visit to Russia in two years for talks with PutinWorld April 30, 14:40
Passenger plane crashes in CubaWorld April 29, 22:49
US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
MOSCOW, February 03. /ITAR-TASS/. Value of Russian oil giant Rosneft’s proved reserves increased 8% to $168 billion over 2013, says the company’s report.
According to the report, the independent international auditor of the company’s reserves DeGolyer & MacNaughton has revised the value of Rosneft’s proved reserves upwards, primarily due to organic growth.
“Rosneft is planning to start developing about 1.4 billion tons of oil reserves and achieve an additional production volume of about 7.3 million tons of oil a year by 2020 with potential growth to 13.5 million tons of oil by 2030,” Rosneft’s press office quotes its President Igor Sechin as saying.
As reported earlier, in 2013 Rosneft boosted its hydrocarbon resources 11.5% year-on-year to 33 billion barrels of oil equivalent, or BOE (according to SEC classification). In particular, liquid hydrocarbon reserves grew 6% to 25.2 billion barrels (3.4 billion tons), while gas reserves increased 29% to 46.9 trillion cubic feet (1.33 trillion cubic meters).
The increase in reserves is mainly due to geologic prospecting works, drilling and commissioning of new areas in the company’s main fields, interventions aimed at maintaining basic production, and increased stakes in Taas-Yuryakh Neftegazodobycha and Itera companies.
According to PRMS classification, Rosneft’s proved reserves as of December 31, 2013, were 41.771 billion BOE, including 30.782 billion barrels (4.161 billion tonnes) of liquid hydrocarbons and 65.937 trillion cubic feet (1.867 trillion cubic metres) of gas.