Russian proven reserves running out
Russia Sergey Donskoy
Russia’s recoverable reserves should last it almost two decades longer, Donskoi noted. “Such reserves will last for 57 years,” he said, stressing the urgency of additional exploration efforts in light of an increasing reliance of hard-to-extract oil.
Recording proven reserves of 103.2 billion barrels and an output of 10.8 million bopd, BP’s 2015 Statistical Review of World Energy earlier put Russia’s reserves-to-production ratio at 26.1 years.
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