In 2012, Novatek’s hydrocarbon reserves under SEC increase almost by a third
Edited by Rhod Mackenzie / 2013-02-21 06:21:19
On Thursday, Novatek published its reserves data as of end of 2012. The company’s proved hydrocarbon reserves under SEC exceeded 12 billion barrels of oil equivalent, they increased by 32% for a year; the increase of proved reserves made up 3.4 billion barrels of oil equivalent, and reserves replacement ratio reached almost 850%.
