Counting Oil Sands in Reserve Replacement

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Tue, Jul 21, 2009
Heavy Oil Market News
Post by Melissa Pistilli, Heavy Oil Senior Reporter

Exxon’s ability to replace its oil reserves is almost as legendary as its profitability. While many of its supermajor rivals struggle to make it to 100 per cent, Exxon declared a 103 per cent replacement in 2008.

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