RITEK increased hydrocarbons reserves in 2014 by 6.9% to 717.9 mln barrels
Edited by Rhod Mackenzie / 2015-03-05 02:32:00
RITEK, an affiliate of Lukoil, increased its hydrocarbons reserves in 2014 under the SEC standards by 6.9% against the end of 2013 to 717.9 mln barrels of oil equivalent.
According to the data audited by Miller and Lents, the proven oil reserves make up 693.8 mln barrels, gas -204.3 bln cubic feet.
The compensation of production by the growth of proven reserves made up 140% in 2014.
The main growth of the proven reserves is connected with the start of drilling and putting into pilot and industrial operation of the Vinogradov deposit, large volume of geological exploration at the deposits and license sites in the Samara region and due to the operation drilling in Tatarstan.
