2P

GeoPark Announces 2020 Certified 2P Reserves of 175 Million Boe With Net Present Value (After Tax) of $2.5 Billion

Retrieved on: 
Thursday, February 18, 2021
Oil, Gas, Energy, Peak oil, Energy development, Proven reserves, 2P

All reserves included in this release refer to GeoPark working interest reserves before royalties paid in kind, except when specified.

Key Points: 
  • All reserves included in this release refer to GeoPark working interest reserves before royalties paid in kind, except when specified.
  • Net present value after tax discounted at 10% (NPV10 after tax) of 1P reserves decreased by 6% to $1.5 billion due to a lower price deck
    2P Reserves: Proven and probable (2P) reserves in Colombia increased 9% to 141.0 mmboe, with a 2P RLI of 11.6 years.
  • NPV10 after tax of 1P reserves decreased by 10% to $1.6 billion
    2P Reserves: 2P reserves increased 6% to 174.7 mmboe, with a 2P RLI of 11.9 years.
  • NPV10 after tax of 2P reserves remained steady at $2.5 billion
    3P Reserves: 3P reserves increased 19% to 270.9 mmboe, with a 2P RLI of 18.4 years.

Genel Energy PLC: CORRECTION: Update on oil reserves and resources

Retrieved on: 
Tuesday, February 16, 2021
Energy, Articles, Energy development, Peak oil, Proven reserves, Petroleum industry, 3P, 2P, DeGolyer and MacNaughton

Tawke field 2P reserves stood at 245 MMbbls (261 MMbbls at end-2019) and 3P reserves at 359 MMbbls (376 MMbbls at end-2019).

Key Points: 
  • Tawke field 2P reserves stood at 245 MMbbls (261 MMbbls at end-2019) and 3P reserves at 359 MMbbls (376 MMbbls at end-2019).
  • The Enhanced Oil Recovery project at the Tawke field has started to deliver a positive impact on production.
  • Pending further work on the project, the 23 MMbbls of 2P and 45 MMbbls of 3P gross reserves that DeGolyer and MacNaughton previously included in their figures continues to be maintained by Genel in 2C and 3C resources.
  • At Peshkabir, also on the Tawke licence (Genel 25% working interest), year-end 2020 gross 1P reserves were assessed at 61 MMbbls (51 MMbbls at end-2019), 2P reserves at 125 MMbbls (116 MMbbls at end-2019) and 3P reserves at 201 MMbbls (220 MMbbls at end-2019).

Genel Energy PLC: Update on oil reserves and resources

Retrieved on: 
Tuesday, February 16, 2021
Energy, Articles, Energy development, Peak oil, Proven reserves, Petroleum industry, 3P, 2P, DeGolyer and MacNaughton

Tawke field 2P reserves stood at 245 MMbbls (261 MMbbls at end-2019) and 3P reserves at 359 MMbbls (376 MMbbls at end-2019).

Key Points: 
  • Tawke field 2P reserves stood at 245 MMbbls (261 MMbbls at end-2019) and 3P reserves at 359 MMbbls (376 MMbbls at end-2019).
  • The Enhanced Oil Recovery project at the Tawke field has started to deliver a positive impact on production.
  • Pending further work on the project, the 23 MMbbls of 2P and 45 MMbbls of 3P gross reserves that DeGolyer and MacNaughton previously included in their figures continues to be maintained by Genel in 2C and 3C resources.
  • At Peshkabir, also on the Tawke licence (Genel 25% working interest), year-end 2020 gross 1P reserves were assessed at 61 MMbbls (51 MMbbls at end-2019), 2P reserves at 116 MMbbls (125 MMbbls at end-2019) and 3P reserves at 201 MMbbls (220 MMbbls at end-2019).

DGAP-News: ADM Energy PLC: Fundraise and Update on Interest in OML 113

Retrieved on: 
Tuesday, August 25, 2020
2P

The Fundraise has been undertaken by Hybridan LLP, the Company's lead broker.

Key Points: 
  • The Fundraise has been undertaken by Hybridan LLP, the Company's lead broker.
  • The deal nearly doubles our interests and with it our attributable net 2P reserves and net daily production.
  • ADM has already paid a refundable deposit of US$250,000 to EER which was announced on 14 May 2020.
  • ADM already holds a participating interest in OML 113 of 2.7% with corresponding profit interest and cost bearing interest of 5.0% and 6.7% respectively.

Kosmos Energy Increases Reserves for Seventh Consecutive Year

Retrieved on: 
Wednesday, February 12, 2020
Energy, Other Energy, Oil, Gas, Energy, Articles, Energy development, Proven reserves, Brent Crude, 2P, Universe

2P reserves in Equatorial Guinea and the Gulf of Mexico were held relatively flat, with revisions replacing most of 2019 production.

Key Points: 
  • 2P reserves in Equatorial Guinea and the Gulf of Mexico were held relatively flat, with revisions replacing most of 2019 production.
  • The companys reported reserves are prepared by Ryder Scott Company, L.P., an independent third-party reserve engineering firm.
  • Proved reserves have been calculated using SEC guidelines at a weighted average price of $63.15/bbl Brent.
  • Proved plus probable reserves have been calculated using PRMS guidelines using a nominal Brent oil price of $60/bbl in 2020 increasing thereafter.

GeoPark Announces Record 2019 Certified 2P Reserves of 197 mmboe Valued at NPV10 of $2.8 Billion

Retrieved on: 
Monday, February 10, 2020
Energy, Other Energy, Oil, Gas, Peak oil, Energy development, Proven reserves, 2P, 3P, 1P

2P Reserves: Proven and probable (2P) reserves in Colombia increased 10% to 129.0 mmboe (16% adjusting for divested blocks), with a 2P RLI of 10.9 years.

Key Points: 
  • 2P Reserves: Proven and probable (2P) reserves in Colombia increased 10% to 129.0 mmboe (16% adjusting for divested blocks), with a 2P RLI of 10.9 years.
  • NPV10 of 2P reserves increased by 10% to $2.1 billion
    3P Reserves: Proven, probable and possible (3P) reserves in Colombia increased 11% to 168.9 mmboe, with a 3P RLI of 14.3 years.
  • NPV10 of 3P reserves increased by 10% to $2.6 billion
    Reserve Additions and Replacement Ratios: After record production of 11.8 mmboe, the Company added 17.9 mmboe of PD reserves, 24.3 mmboe of 1P reserves, 24.0 mmboe of 2P reserves and 28.1 mmboe of 3P reserves, achieving, respectively, a 152%, 206%, 203% and 238% reserve replacement of PD, 1P, 2P and 3P reserves
    PD Reserves: PD reserves increased 14% to 52.4 mmboe, with a PD RLI of 3.6 years
    1P Reserves: 1P reserves increased 11% to 130.6 mmboe, with 1P RLI of 8.9 years.
  • NPV10 of 1P reserves increased by 11% to $2.0 billion
    2P Reserves: 2P reserves increased 4% to 197.3 mmboe (7% adjusting for divested blocks), with a 2P RLI of 13.5.