MPCL Net Reserves (2P) & Resources (2C)
Considering Reserves Replacement and Resources addition as the most important indicator for any E&P Company, all our efforts are directed towards resource addition and reserves replacement while enhancing the production. Reserves growth is evident by 20 % increase during the last four years; from 2020 to 2023. This gain is attributed to multiple landmark discoveries and successful execution of development projects on existing fields.
Proved and Probable (2P) Reserves denote the best estimates of reserves to be commercially recoverable from known reservoirs under defined economic conditions, operating methods and government regulations.
Contingent (2C) Resources denote the best estimate of contingent resources to be potentially recoverable from known accumulations by the application of development projects, but which are not currently considered to be commercially recoverable owing to one or more contingencies.
