Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/exxonmobil-2014-reserves-replacement-totals-104.shtmlExxonMobil 2014 reserves replacement totals 104%
Exxon Mobil Corporation has replaced 104 percent of its 2014 production by adding proved oil and gas reserves totaling 1.5 billion oil-equivalent
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Exxon Mobil Corporation has replaced 104 percent of its 2014 production by adding proved oil and gas reserves totaling 1.5 billion oil-equivalent barrels, including a 162 percent replacement ratio for crude oil and other liquids.
'ExxonMobil's diverse global portfolio of attractive opportunities puts us in a unique position to execute our strategy to identify, evaluate and develop new energy supplies,' said Rex W. Tillerson, chairman and chief executive officer. 'Our ability to achieve an industry-leading record of long-term reserves replacement is made possible by the size and diversity of ExxonMobil's resource base along with its project execution and technical capabilities.'
At year-end 2014, ExxonMobil's proved reserves totaled 25.3 billion oil-equivalent barrels, which was made up of 54 percent liquids, up from 53 percent in 2013, and 46 percent natural gas.
