[Peakoil] BP Oil reserves cut by a billion barrels last year

[Antony Barry]

Oil reserves cut by a billion barrels last year

     * Carl Mortishead
     * March 08, 2007

BP suffered a 1 billion barrel decline in its oil and gas reserves  
last year, according to figures in its annual report.
The loss was only partially made up by its Russian arm, the joint  
venture TNK-BP, which was the only oil province in which BP added  
substantial fuel to its tank.

Using US Securities and Exchange Commission (SEC) rules, which the  
company has adopted in preference to UK practice (which it used last  
year), BP's total oil and gas reserves fell from 14 billion to 13  
billion barrels.
....

Source:<http://www.theaustralian.news.com.au/story/ 
0,20867,21343026-643,00.html>
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