1 Mar 2010 12:44

TNK-BP reserves replacement 329% to PMRS, SEC ratio

MOSCOW. March 1 (Interfax) - TNK-BP's reserves replacement to PMRS standards (former SPE) was 329% last year, the Russian-British oil company's chief operating officer, Bill Schrader, told reporters.

The company grew reserves by 1.1 billion barrels to SEC standards and the reserves replacement ratio to those standards was 177%, Schrader said.

The company said in 2009 that its reserves were 10.252 billion barrels oil equivalent to PRMS at the end of 2008.

Proven reserves replacement to PMRS was 146% in 2008.