Saudi Aramco: Achieving At Least 100% Reserve Replacement

State-run Saudi Arabian Oil Co. (SOI.YY) said Monday it’s achieving “at least” 100% replacement of the crude oil reserves it’s producing.

“In the last ten years, we have been adding to our reserves at least the amount of crude we’ve produced in the previous years,” Saudi Aramco chief executive Abdallah Jum’ah told an audience attending a Saudi-U.S. energy forum here.
DowJones Newswires