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Lukoil added nearly 500 MMboe proved reserves in 2020
Feb. 18, 2021
Source: world oil

Lukoil added nearly 500 MMboe proved reserves in 2020

According to the SEC classification, Russia’s Lukoil proved hydrocarbon reserves totaled 15.4 billion barrels of oil equivalent, 76% of which is comprised of liquids.The proved reserves replacement ratio, excluding the effect of changes in macroeconomic factors used for reserves estimate, totaled 93% in 2020. The company's proved hydrocarbon reserves life is 20 years.

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