In 2010 the company’s net production from its participating interests totalled 44.8 million barrels of oil equivalents.
Oil, condensate and NGL made up 60.1% of total production.
Reserves
Equally as important as production is maintenance of the company’s reserves portfolio. The approval of the Marulk Plan for Development and Operation (PDO) in April 2010 helped to increase the company’s proven reserves.
Among the other contributors was Tyrihans, which commenced production in 2009 and displayed far better production potential than anticipated.
The company’s total proven reserves at year end 2010 were 418 million barrels of oil equivalents.
The estimate of proven and probable reserves amounted to a total of 709 million barrels of oil equivalents, an increase of 6% compared with 2009.
Volumes associated with the categories possible and contingent resources amounted to a combined total of 350 million barrels of oil equivalents.