Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/ecopetrols-proven-reserves-reach-1972-million-barr.shtmlEcopetrol's proven reserves reach 1,972 million barrels equivalent
Ecopetrol S.A. announced its proven reserves (1P, according to the international designation) of crude oil,
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Ecopetrol S.A. announced its proven reserves (1P, according to the international designation) of crude oil, condensate and natural gas owned by the company, including its interest in affiliates and subsidiaries, as of December 31, 2013.
Reserves were calculated based on U.S. Securities and Exchange Commission (SEC) standards and methodology and 99% were audited by three different specialized independent companies (Gaffney, Cline & Associates, Ryder Scott Company and DeGolyer and MacNaughton).
