OUR RESOURCE BASE
As of 1 January 2015, IPC held 53 exploration and production licences for subsoil plots located in eight constituent territories of the Russian Federation and in Kazakhstan.
Successful exploration in 2013–2015 resulted in more than a 25% organic growth of the Company’s resource base added with new hydrocarbon discoveries. Successful exploration is reliant on a robust analysis of geological data coupled with advanced seismic and logging data processing and interpreting techniques.
ABC₁ + C₂ HYDROCARBON RESERVES DYNAMICS, MILLION TONS OF OIL EQUIVALENT
Based on DeGolyer and MacNaughton Corp. (USA) estimates according to the PRMS classification, as of 31 December 2014, oil and condensate reserves (recoverable) were 358.3 million tons, natural gas reserves were 30.7 billion cubic metres (including IPC’s share of JVs’ reserves). 2014 showed a 7% increase in IPC’s reserve base.
RESULTS OF INDEPENDENT RESERVES AUDIT
IPC’s booked recoverable hydrocarbon reserves as of 1 January 2015: