Changes to proved oil and gas reserves
The tables present oil and gas reserves on a net basis, which means that they include the reserves relating to: (i) the Shell subsidiaries including the reserves attributable to non-controlling interest holders in our subsidiaries; and (ii) the Shell share of joint ventures and associates.
|
Proved crude oil and natural gas liquids, synthetic crude oil and bitumen reserves changes for Shell subsidiaries and Shell share of joint ventures and associates [A] (at December 31) |
Million | ||||||
|---|---|---|---|---|---|---|---|
|
|
2015 |
2014 |
2013 |
2012 |
2011 | ||
|
|||||||
|
Revisions and reclassifications |
(252) |
62 |
351 |
629 |
190 |
||
|
Improved recovery |
4 |
9 |
412 |
13 |
34 |
||
|
Extensions and discoveries |
48 |
68 |
182 |
88 |
326 |
||
|
Purchases of minerals in place |
2 |
– |
48 |
82 |
– |
||
|
Sales of minerals in place |
(76) |
(86) |
(4) |
(66) |
(37) |
||
|
Total additions including year-average price effects |
(274) |
53 |
989 |
746 |
513 |
||
|
Production |
(553) |
(544) |
(564) |
(598) |
(611) |
||
|
Proved natural gas reserves changes for Shell subsidiaries and Shell share of joint ventures and associates [A][B] (at December 31) |
Thousand | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
|
2015 |
2014 |
2013 |
2012 |
2011 | ||||
|
|||||||||
|
Revisions and reclassifications |
114 |
1,767 |
2,530 |
(1,343) |
899 |
||||
|
Improved recovery |
7 |
– |
160 |
16 |
3 |
||||
|
Extensions and discoveries |
249 |
762 |
721 |
667 |
3,504 |
||||
|
Purchases of minerals in place |
86 |
287 |
54 |
161 |
– |
||||
|
Sales of minerals in place |
(139) |
(1,375) |
(55) |
(684) |
(394) |
||||
|
Total additions including year-average price effects |
317 |
1,441 |
3,410 |
(1,183) |
4,012 |
||||
|
Production |
(3,258) |
(3,598) |
(3,729) |
(3,687) |
(3,485) |
||||
|
Total proved oil and gas reserves changes [A][B] (at December 31) |
Million boe | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
|
2015 |
2014 |
2013 |
2012 |
2011 | ||||
|
|||||||||
|
Revisions and reclassifications |
(232) |
367 |
787 |
397 |
345 |
||||
|
Improved recovery |
5 |
9 |
440 |
16 |
35 |
||||
|
Extensions and discoveries |
91 |
199 |
306 |
203 |
930 |
||||
|
Purchases of minerals in place |
16 |
49 |
57 |
110 |
– |
||||
|
Sales of minerals in place |
(100) |
(323) |
(13) |
(184) |
(105) |
||||
|
Total additions including year-average price effects |
(220) |
301 |
1,577 |
542 |
1,205 |
||||
|
Year-average price effects |
(1,707) |
44 |
48 |
(431) |
(235) |
||||
|
Total additions excluding year-average price effects |
1,487 |
257 |
1,529 |
973 |
1,440 |
||||
|
Total additions excluding acquisitions and divestments and excluding year-average price effects |
1,571 |
531 |
1,485 |
1,047 |
1,545 |
||||
|
Production |
(1,114) |
(1,164) |
(1,207) |
(1,234) |
(1,212) |
||||
|
Proved crude oil and natural gas liquids, synthetic crude oil and bitumen reserves changes for Shell subsidiaries and Shell share of joint ventures and associates [A] (at December 31) |
|
Million | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
North America |
South America |
|
|||||
|
|
Europe |
Asia |
Oceania |
Africa |
USA |
|
|
Canada |
Total | |||
|
|
Oil and NGL |
Oil and NGL |
Oil and NGL |
Oil and NGL |
Oil and NGL |
Oil and NGL |
Synthetic crude oil |
Bitumen |
Oil and NGL |
All products | ||
|
||||||||||||
|
Revisions and reclassifications |
(114) |
100 |
7 |
50 |
(61) |
(25) |
204 |
(420) |
7 |
(252) |
||
|
Improved recovery |
– |
– |
– |
– |
4 |
– |
– |
– |
– |
4 |
||
|
Extensions and discoveries |
– |
– |
– |
– |
10 |
12 |
26 |
– |
– |
48 |
||
|
Purchases of minerals in place |
– |
– |
2 |
– |
– |
– |
– |
– |
– |
2 |
||
|
Sales of minerals in place |
– |
– |
– |
(76) |
– |
– |
– |
– |
– |
(76) |
||
|
Total additions including year-average price effects |
(114) |
100 |
9 |
(26) |
(47) |
(13) |
230 |
(420) |
7 |
(274) |
||
|
Production |
(66) |
(206) |
(11) |
(86) |
(104) |
(9) |
(52) |
(5) |
(14) |
(553) |
||
|
Proved natural gas reserves changes for Shell subsidiaries and Shell share of joint ventures and associates [A][B] |
Thousand | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
North America |
South America |
|
|||||
|
|
Europe |
Asia |
Oceania |
Africa |
USA |
Canada |
Total | |||||
|
||||||||||||
|
Revisions and reclassifications |
31 |
1,171 |
64 |
5 |
(587) |
(581) |
11 |
114 |
||||
|
Improved recovery |
6 |
– |
– |
– |
1 |
– |
– |
7 |
||||
|
Extensions and discoveries |
11 |
– |
– |
4 |
59 |
175 |
– |
249 |
||||
|
Purchases of minerals in place |
– |
– |
84 |
– |
– |
2 |
– |
86 |
||||
|
Sales of minerals in place |
(19) |
– |
– |
(115) |
(5) |
– |
– |
(139) |
||||
|
Total additions including year-average price effects |
29 |
1,171 |
148 |
(106) |
(532) |
(404) |
11 |
317 |
||||
|
Production |
(939) |
(1,217) |
(280) |
(279) |
(275) |
(252) |
(16) |
(3,258) |
||||
|
Total proved reserves changes for Shell subsidiaries and Shell share of joint ventures and associates [A][B] |
Million boe | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
North America |
South America |
|
|||||||
|
|
Europe |
Asia |
Oceania |
Africa |
USA |
|
|
Canada |
Total | |||||
|
|
Oil and NGL |
Oil and NGL |
Oil and NGL |
Oil and NGL |
Oil and NGL |
Oil and NGL |
Synthetic crude oil |
Bitumen |
Oil and NGL |
All products | ||||
|
||||||||||||||
|
Revisions and reclassifications |
(109) |
302 |
18 |
51 |
(162) |
(125) |
204 |
(420) |
9 |
(232) |
||||
|
Improved recovery |
1 |
– |
– |
– |
4 |
– |
– |
– |
– |
5 |
||||
|
Extensions and discoveries |
2 |
– |
– |
1 |
20 |
42 |
26 |
– |
– |
91 |
||||
|
Purchases of minerals in place |
– |
– |
16 |
– |
– |
– |
– |
– |
– |
16 |
||||
|
Sales of minerals in place |
(3) |
– |
– |
(96) |
(1) |
– |
– |
– |
– |
(100) |
||||
|
Total additions including year-average price effects |
(109) |
302 |
34 |
(44) |
(139) |
(83) |
230 |
(420) |
9 |
(220) |
||||
|
Year-average price effect |
|
|
|
|
|
|
|
|
|
(1,707) |
||||
|
Production |
(228) |
(416) |
(59) |
(134) |
(151) |
(52) |
(52) |
(5) |
(17) |
(1,114) |
||||
|
Reserves replacement ratio excluding acquisitions and divestments and year-average price effects |
|
|
|
|
|
|
|
|
|
141% |
||||
|
Total additions excluding acquisitions and divestments and including year-average price effects |
|
|
|
|
|
|
|
|
|
(136) |
||||
|
Reserves replacement ratio including acquisitions and divestments and year-average price effects |
|
|
|
|
|
|
|
|
|
-20% |
||||
