LUKOIL RESERVES 101%
LUKOIL - LUKOIL (hereinafter the Company) announces the results of the reserves assessment and independent audit as of December 31, 2018.
According to the SEC classification, the Company's proved hydrocarbon reserves totaled 15.9 billion barrels of oil equivalent, 76% of which stood for liquids. The proved reserves replacement ratio for liquids totaled 101%. In Russia, the main region of LUKOIL's operations, the replacement ratio reached 127%. The Company's proved hydrocarbon reserves life is 19 years.
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