ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production
Green Car Congress
FEBRUARY 9, 2018
billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. Liquids represented 57% of the reserves, up from 53% in 2016. ExxonMobil’s reserves life at current production rates is 14 years. Production from Liza Phase 1 is expected to begin by 2020, less than five years after discovery.
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