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ExxonMobil adds 1 billion boe to reserves

25 Feb 2016

In 2015 ExxonMobil added 1 billion barrels of oil equivalent of proved oil and gas reserves for a total of 24.8 billion.

The corporation replaced 67% of production including a 219% replacement ratio for crude oil and other liquids, said the company. This was a direct result of new developments and extensions of existing fields, including a major discovery in offshore Guyana.

Last year the company added reserves in Abu Dhabi, Canada, Kazakhstan and Angola.

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