Heavy Oil Investing News » Counting Oil Sands in Reserve Replacement

Counting Oil Sands in Reserve Replacement

July 21, 2009 @ 2:43 am In Heavy Oil Market News

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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[1] here: http://blogs.ft.com/energy-source/2009/07/21/counting-oil-sands-in-reserve-replacement/