Proved resources of Bashneft under PRMS exceed 2 bln barrels in 2013

The proved resources of oil and gas condensate under PRMS increased by 1.9% to 2.045 billion barrels in 2013. It is said in a statement by the company. The reproduction rate of recoverable reserves made up 133.7% in 2013. Liquid hydrocarbon reserves life makes up 17.9 years.

Undiscovered reserves went up by 1.9% to 528.7 million barrels in 2013, indicated reserves – by 1.5% to 662.8 million barrels. The total resources of the company went up by 1.4% to 3.237 billion barrels. “Confirmation of efficiency of geological and engineering operations at the well stock and of the formation pressure support system at mature deposits by the auditor, start of production at the Trebs and Titov deposit and favorable pricing environment, became the main growth factor of the proved resources” is said in the statement.