The ratio stakeholders use to analyze the operating performance of companies in the oil exploration and production industry. RRR is a function of the amount of oil added to a company's proven reserves compared to the total amount of oil the company produces during the year. Assuming stable demand, if this ratio falls under 1:1 then the company is tapping into its reserves and will eventually run out of oil.
Related information about reserve replacement ratio (RRR):
- What is reserve replacement ratio (RRR)? definition and meaning
Definition of reserve replacement ratio (RRR): The ratio stakeholders use to analyze the operating performance of companies in the oil exploration and ...
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Mar 3, 2011... reserve replacement ratio (RRR). The RRR is the ratio of the amount of reserves added in a year divided by the amount extracted in that year.
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Oct 25, 2012 ... Marathon's 2011 upstream metrics were good, driven in large part by a strong Reserve Replacement Ratio (RRR) of +137% on a one-year ...
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Nov 13, 2012 ... When adjusting the “B” value or Nominal Decline, the Reserve Replacement Ratio (RRR) & EUR values are automatically recalculated.
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Jun 20, 2012 ... It achieved a reserve replacement ratio ("RRR") of 1.17 in 2011. The RRR for oil was 1.45. Net income has surged from $2.8 billion in 2009 to ...
- CAG pulls up ONGC - Times Of India
Aug 28, 2012 ... It recommended a review of Reserve Replacement Ratio (RRR) as a performance parameter for ensuring performance in exploration efforts.
- CAG critical of ONGC exploration performance - Thaindian News
Aug 28, 2012 ... The CAG pointed out that ONGC showed a healthy reserve replacement ratio ( RRR) of more than one while production continues to remain ...
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Aug 30, 2012 ... During 2011, the company's reserve replacement ratio (RRR) of approximately 164% continued to be strong, yet below the 193% reported ...