Parex’ crude oil reserves are located in Colombia. 

Proved + Probable + Possible Proved + Probable Proved 2P Reserves
Life Index
(1)
After Tax PV10
(USD MM)
Reserves* MMboe
31Dec-10 10.4 5.8 1.1 $149
31-Dec-11 17.6 10.7 4.9 2.6 years $344
31-Dec-12 23.1 16.1 10.1 3.5 years $450
31-Dec-13 49.9 32.0 17.4 5.1 years $832
31-Dec-14 104.0 68.4 40.4 7.1 years $1,098
31-Dec-15 124.5 81.7 46.0 7.8 years $928
31-Dec-16 169.3 111.9 63.8 9.9 years $1,571

(1) RLI calculated using proved plus probable year -end reserves divided by annualized fourth quarter production.
*Reserves are independently evaluated by GLJ Petroleum Consultants Ltd.

Reserve additions in 2016, as evaluated by GLJ, were generated from exploration and appraisal drilling. For additional reserves information, view the news release dated February 6, 2017.