PetroKazakhstan lowers year-end proved reserves

摘要

Calgary-based PetroKazakhstan said Mar 4 its year-end proved reserves fell 2% to 348.5-mil bbl based upon stricter new Canadian standards.All its reserves are in Kazakhstan,where it operates the Kumkol fields.On that basis,the company replaced only 89% of its 55.2-mil bbl of production in 2003,despite almost US200-mil of capital spending last year.