Petrobras said on Monday the volume its oil and gas proven resources reached 14.865 billions of barrels of oil equivalent on December 31st. The new mark is only 220 million barrels lower than a year before as 652 million barrels were added to the proven reserves and the company produced 872 million barrels of oil – a reserve-replacement index of 75%.
According to the state-owned Brazilian company, the pre-salt reserves have not yet helped in the performance as the commercial reports have not been submitted to Brazilian regulatory authorities – a good reason to celebrate the excellent replacement registered by the company.