ROSNEFT'S RESERVE REPLACEMENT: 124%
According to the results of the audit performed by DeGolyer & MacNaughton under the SEC (United States Securities and Exchange Commission) life-of-field classification, as of December 31, 2015, Rosneft proven hydrocarbon reserves stood at 34,465 mmboe (4,654 mmtoe). The Company's hydrocarbon reserves growth accounted 488 mmboe (59 mmtoe). Reserves growth was achieved notwithstanding a significant decrease of average benchmark crude oil prices. Rosneft's hydrocarbon reserve replacement ratio under the SEC classification amounted to 124% (the ratio is based on hydrocarbon metric units). Following 2015 Rosneft's hydrocarbon reserve life under the SEC classification totaled 19 years.
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