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Gazprom Neft’s reserves-to production ratio at 163 pct in 2018

Gazprom Neft, the oil arm of Russian gas group Gazprom, said on Monday its hydrocarbon reserves replacement ratio stood at 163 percent in 2018.

The company also said that its proved and probable hydrocarbon reserves under Petroleum Resources Management System standards rose by 2.2 percent last year to 2.84 billion tonnes of oil equivalent.
Source: Reuters (Reporting by Vladimir Soldatkin and Maxim Rodionov. Editing by Jane Merriman)

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