European Independent Exploration and Production (E&P) Companies -
Financial & Operational Fundamental Analysis and Benchmarking - 2010
Proved and Probable Oil & Gas Reserves of the European Independent Exploration and
Production (E&P) Companies Decreased By 1.3% In 2009
Proved and probable oil and gas reserves of the European independent Exploration and
Production (E&P) companies decreased in 2009, down from 2.29 billion barrels of oil
equivalent (boe) in 2008 to 2.26 billion boe in 2009. The proved and probable oil
reserves of the European independent Exploration and Production (E&P) companies
declined by 5.0%, from 1,332 Million Barrels (MMbbl) in 2008 to 1,398 MMbbl in 2009.
Total proved and probable gas reserves of the European independent Exploration and
Production (E&P) companies decreased to 2.8 Tcf in 2009, down by 12.2% from the
previous year.
Tullow Oil plc had the highest proved and probable oil and gas reserves of 300.3 MMboe
among the European independent Exploration and Production (E&P) companies. The
company's proved and probable reserves increased at a CAGR of 11.8% from 192.1
MMboe in 2005 to 300.37 MMboe in 2009.
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Total Oil & Gas Production of the European Independent Exploration and Production
(E&P) Companies Increased By 5.4% In 2009
Total oil & gas production of the European Independent Exploration and Production
(E&P) Companies was 100.2 MMboe in 2009, up by 5.4% from 2008. Oil production of
the European Independent Exploration and Production (E&P) Companies was 63.3
MMbbl in 2009, up by 16.6% from 2008. However, gas production of the European
Independent Exploration and Production (E&P) Companies went down by 10.4% from
204.2