reserve replacement by jcf58551

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									Classification: Internal                         Status: Draft                          Expiry Date: 2010-02-06


                                                       For the year ended 31 December
        (million boe)                                           2008          2007       2006
        Revisions and improved recovery                          213          325         300
        Extensions and discoveries                                17          215          86
        Purchase of petroleum-in-place                            69             0          0
        Sales of petroleum-in-place                              (10)            0         (3)
        Change in interest *                                     (68)            0          0
        Total reserve additions                                  222          541         383
        Production                                              (648)        (632)       (624)
        Net change in proved reserves                           (426)          (91)      (241)

        * Reduction of interest in Petrocedeño
Classification: Internal                               Status: Draft                       Expiry Date: 2010-02-06




                                                                       For the year ended 31 December
               Reserves replacement ratio (three-year average)            2008         2007         2006
               Corporate                                                  0.60          0.81         0.76
               E&P Norway                                                 0.51          0.78         0.62
               International E&P                                          1.10          0.98         1.74

								
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