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RRR on Slight Increase But Still Too Low<br />
Reserve Replacement Ratio<br />
• Higher E&P<br />
investments, oil price<br />
and technological<br />
advancements have<br />
allowed oilcompanies<br />
to book a slight<br />
increase in reservoir<br />
reserves<br />
• Higher E&P spending<br />
needed<br />
Source: SEB Enskilda’s Tenth Annual E&P Survey, the graph is based on comments from 25 IOCs.<br />
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