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 the Shell share of joint ventures and associates [A] (at December 31) |
Million | ||||||
|---|---|---|---|---|---|---|---|
|
|
2016 |
2015 |
2014 |
2013 |
2012 | ||
|
|||||||
|
Revisions and reclassifications |
284 |
(252) |
62 |
351 |
629 |
||
|
Improved recovery |
24 |
4 |
9 |
412 |
13 |
||
|
Extensions and discoveries |
127 |
48 |
68 |
182 |
88 |
||
|
Purchases of minerals in place |
1,207 |
2 |
– |
48 |
82 |
||
|
Sales of minerals in place |
(12) |
(76) |
(86) |
(4) |
(66) |
||
|
Total additions including year-average price effects |
1,630 |
(274) |
53 |
989 |
746 |
||
|
Production |
(675) |
(553) |
(544) |
(564) |
(598) |
||
|
Proved natural gas reserves changes for Shell subsidiaries and the Shell share of joint ventures and associates [A][B] (at December 31) |
Thousand | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
|
2016 |
2015 |
2014 |
2013 |
2012 | ||||
|
|||||||||
|
Revisions and reclassifications |
(765) |
114 |
1,767 |
2,530 |
(1,343) |
||||
|
Improved recovery |
10 |
7 |
– |
160 |
16 |
||||
|
Extensions and discoveries |
586 |
249 |
762 |
721 |
667 |
||||
|
Purchases of minerals in place |
7,537 |
86 |
287 |
54 |
161 |
||||
|
Sales of minerals in place |
(77) |
(139) |
(1,375) |
(55) |
(684) |
||||
|
Total additions including year-average price effects |
7,291 |
317 |
1,441 |
3,410 |
(1,183) |
||||
|
Production |
(4,125) |
(3,258) |
(3,598) |
(3,729) |
(3,687) |
||||
|
Total proved oil and gas reserves changes [A][B] (at December 31) |
Million boe | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
|
2016 |
2015 |
2014 |
2013 |
2012 | ||||
|
|||||||||
|
Revisions and reclassifications |
152 |
(232) |
367 |
787 |
397 |
||||
|
Improved recovery |
26 |
5 |
9 |
440 |
16 |
||||
|
Extensions and discoveries |
228 |
91 |
199 |
306 |
203 |
||||
|
Purchases of minerals in place |
2,506 |
16 |
49 |
57 |
110 |
||||
|
Sales of minerals in place |
(25) |
(100) |
(323) |
(13) |
(184) |
||||
|
Total additions including year-average price effects |
2,887 |
(220) |
301 |
1,577 |
542 |
||||
|
Year-average price effects |
(1,480) |
(1,707) |
44 |
48 |
(431) |
||||
|
Total additions excluding year-average price effects |
4,367 |
1,487 |
257 |
1,529 |
973 |
||||
|
Total additions excluding acquisitions, divestments and year-average price effects |
1,886 |
1,571 |
531 |
1,485 |
1,047 |
||||
|
Production |
(1,386) |
(1,114) |
(1,164) |
(1,207) |
(1,234) |
||||
|
Proved crude oil and natural gas liquids, synthetic crude oil and bitumen reserves changes for Shell subsidiaries and the Shell share of joint ventures and associates [A] (at December 31, 2016) |
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 |
21 |
101 |
(2) |
21 |
17 |
3 |
33 |
4 |
86 |
284 |
||
|
Improved recovery |
– |
22 |
– |
– |
2 |
– |
– |
– |
– |
24 |
||
|
Extensions and discoveries |
– |
5 |
– |
– |
20 |
6 |
96 |
– |
– |
127 |
||
|
Purchases of minerals in place |
85 |
175 |
2 |
14 |
– |
– |
– |
– |
931 |
1,207 |
||
|
Sales of minerals in place |
(5) |
– |
– |
– |
(5) |
(2) |
– |
– |
– |
(12) |
||
|
Total additions including year-average price effects |
101 |
303 |
– |
35 |
34 |
7 |
129 |
4 |
1,017 |
1,630 |
||
|
Production |
(87) |
(237) |
(10) |
(85) |
(103) |
(11) |
(56) |
(5) |
(81) |
(675) |
||
|
Proved natural gas reserves changes for Shell subsidiaries and the Shell share of joint ventures and associates [A][B] (at December 31, 2016) |
Thousand | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
North America |
South America |
|
|||||
|
|
Europe |
Asia |
Oceania |
Africa |
USA |
Canada |
Total | |||||
|
||||||||||||
|
Revisions and reclassifications |
(544) |
357 |
(641) |
51 |
(95) |
41 |
66 |
(765) |
||||
|
Improved recovery |
– |
10 |
– |
– |
– |
– |
– |
10 |
||||
|
Extensions and discoveries |
4 |
197 |
– |
2 |
200 |
180 |
3 |
586 |
||||
|
Purchases of minerals in place |
419 |
576 |
4,330 |
327 |
151 |
– |
1,734 |
7,537 |
||||
|
Sales of minerals in place |
(7) |
– |
– |
– |
(7) |
(63) |
– |
(77) |
||||
|
Total additions including year-average price effects |
(128) |
1,140 |
3,689 |
380 |
249 |
158 |
1,803 |
7,291 |
||||
|
Production |
(1,020) |
(1,368) |
(553) |
(391) |
(328) |
(269) |
(196) |
(4,125) |
||||
|
Total proved reserves changes for Shell subsidiaries and the Shell share of joint ventures and associates [A][B] (at December 31, 2016) |
Million boe unless specified | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
North America |
South America |
|
|||||||
|
|
Europe |
Asia |
Oceania |
Africa |
USA |
|
|
Canada |
Total | |||||
|
|
Oil, NGL and Gas |
Oil, NGL and Gas |
Oil, NGL and Gas |
Oil, NGL and Gas |
Oil, NGL and Gas |
Oil, NGL and Gas |
Synthetic crude oil |
Bitumen |
Oil and NGL |
All products | ||||
|
||||||||||||||
|
Revisions and reclassifications |
(73) |
163 |
(113) |
30 |
1 |
10 |
33 |
4 |
97 |
152 |
||||
|
Improved recovery |
– |
24 |
– |
– |
2 |
– |
– |
– |
– |
26 |
||||
|
Extensions and discoveries |
1 |
39 |
– |
– |
54 |
37 |
96 |
– |
1 |
228 |
||||
|
Purchases of minerals in place |
157 |
274 |
749 |
70 |
26 |
– |
– |
– |
1,230 |
2,506 |
||||
|
Sales of minerals in place |
(6) |
– |
– |
– |
(6) |
(13) |
– |
– |
– |
(25) |
||||
|
Total additions including year-average price effects |
79 |
500 |
636 |
100 |
77 |
34 |
129 |
4 |
1,328 |
2,887 |
||||
|
Year-average price effect |
|
|
|
|
|
|
|
|
|
(1,480) |
||||
|
Production |
(263) |
(473) |
(105) |
(152) |
(160) |
(57) |
(56) |
(5) |
(115) |
(1,386) |
||||
|
Reserves replacement ratio excluding acquisitions, divestments and year-average price effects |
|
|
|
|
|
|
|
|
|
136% |
||||
|
Total additions excluding acquisitions and divestments but including year-average price effects |
|
|
|
|
|
|
|
|
|
406 |
||||
|
Reserves replacement ratio including acquisitions, divestments and year-average price effects |
|
|
|
|
|
|
|
|
|
208% |
||||
