Proved oil and gas reserves – Changes

The tables present changes in the reserves of: (i) Shell subsidiaries without deduction of the reserves attributable to non-controlling interest holders in our subsidiaries; and (ii) the Shell share of joint ventures and associates.

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PROVED CRUDE OIL AND NATURAL GAS LIQUIDS, SYNTHETIC CRUDE OIL AND BITUMEN RESERVES CHANGES FOR SHELL SUBSIDIARIES AND SHELL SHARE OF JOINT VENTURES AND ASSOCIATES [A] (AT DECEMBER 31)

MILLION BARRELS

 

2014

2013

2012

2011

2010

[A]

Includes proved reserves associated with future production that will be consumed in operations.

Revisions and reclassifications

62

351

629

190

856

Improved recovery

9

412

13

34

66

Extensions and discoveries

68

182

88

326

161

Purchases of minerals in place

48

82

59

Sales of minerals in place

(86)

(4)

(66)

(37)

(57)

Total additions including year-average price effects

53

989

746

513

1,085

Production

(544)

(564)

(598)

(611)

(626)

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PROVED NATURAL GAS RESERVES CHANGES FOR SHELL SUBSIDIARIES AND SHELL SHARE OF JOINT VENTURES AND ASSOCIATES [A][B] (AT DECEMBER 31)

THOUSAND MILLION SCF

 

2014

2013

2012

2011

2010

[A]

Includes proved reserves associated with future production that will be consumed in operations.

[B]

These quantities have not been adjusted to standard heat content.

Revisions and reclassifications

1,767

2,530

(1,343)

899

829

Improved recovery

160

16

3

42

Extensions and discoveries

762

721

667

3,504

1,288

Purchases of minerals in place

287

54

161

237

Sales of minerals in place

(1,375)

(55)

(684)

(394)

(743)

Total additions including year-average price effects

1,441

3,410

(1,183)

4,012

1,653

Production

(3,598)

(3,729)

(3,687)

(3,485)

(3,573)

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TOTAL PROVED OIL AND GAS RESERVES CHANGES [A][B] (AT DECEMBER 31)

MILLION BOE

 

2014

2013

2012

2011

2010

[A]

Includes proved reserves associated with future production that will be consumed in operations.

[B]

Natural gas volumes are converted to oil equivalent using a factor of 5,800 scf per barrel. Rounding differences may occur in estimates of gas reserves conversion from scf to boe.

Revisions and reclassifications

367

787

397

345

999

Improved recovery

9

440

16

35

73

Extensions and discoveries

199

306

203

930

383

Purchases of minerals in place

49

57

110

100

Sales of minerals in place

(323)

(13)

(184)

(105)

(185)

Total additions including year-average price effects

301

1,577

542

1,205

1,370

Year-average price effects

44

48

(431)

(235)

(198)

Total additions excluding year-average price effects

257

1,529

973

1,440

1,568

Total additions excluding acquisitions and divestments and excluding year-average price effects

531

1,485

1,047

1,545

1,653

Production

(1,164)

(1,207)

(1,234)

(1,212)

(1,242)